Solved

The Basic Idea Behind the Convergence Theory Is

Question 110

Multiple Choice

The basic idea behind the convergence theory is:


A) that countries starting at low levels of income will tend to grow at much faster rates than those starting with high levels of income.
B) each additional unit of capital provides larger gains when you're coming from behind.
C) also the basic idea behind the catch-up effect.
D) All of these are true.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents