Convergence refers to the idea that cross-country
a. growth rates will become more similar over time.
b. unemployment rates will become more similar over time.
c. per-capita income levels will become more similar over time.
d. total income levels will become more similar over time.
e. none of the above.
C
Economics
You might also like to view...
The above figure illustrates a perfectly competitive firm. If the market price is $40 a unit, to maximize its profit (or minimize its loss) the firm should
A) shut down. B) produce more than 10 and less than 30 units. C) produce 30 units. D) produce more than 30 units and less than 40 units.. E) produce 40 units.
Economics
What are the arguments against the redistribution of income?
What will be an ideal response?
Economics