The convergence theory is based on the idea of:
A. increasing rates of income per capita.
B. decreasing income per capita.
C. increasing opportunity costs.
D. decreasing marginal returns.
Answer: D
Economics
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Goods and services produced in the United States and sold in other countries are called
A) consumption goods and services. B) capital goods. C) government goods and services. D) export goods and services. E) import goods and services.
Economics
A firm that has the ability to control to some degree the price of the product it sells
A) is also able to dictate the quantity purchased. B) faces a perfectly inelastic demand curve. C) is a price maker. D) faces a demand curve that is inelastic throughout the entire range of market demand.
Economics