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leva [86]
1 year ago
5

The notion that developing countries can catch up or converge with developed countries is one of the key insights of a branch of

economics called?
Business
1 answer:
wariber [46]1 year ago
8 0

The Catch-up  notion that developing countries can catch up or converge with developed countries is one of the key insights of a branch of economics . According to the catch-up effect idea, which is based on the finding that less developed economies grew more quickly than wealthier nations, all economies would eventually converge in terms of per capita income.

Or, to put it another way, the less developed economies will figuratively "catch-up" to the stronger ones. The theory of convergence is another name for the catch-up effect. The Opening up their economics to free trade and building  the social capacities.

To learn more about Catch-up, click here.

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The price of compact fluorescent light bulbs fell because of improvements in production technology. As a result, the demand for
eimsori [14]

Answer:

c. The statement is false because the demand for incandescent light bulbs would increase as the price of compact fluor. light bulbs fell.

Explanation:

If improvements in production technology reduce the price of incadescent light bulbs, the normal thing that would happen is that demand for this good would increase, because now people will be able to buy the good at a lower price.

4 0
3 years ago
Ultimately, multinational corporations that pursue an international strategy, their headquarters keep tight control over marketi
emmainna [20.7K]

The answer is true. A multinational corporation is one that exports internationally or offers services to customers or clients in other company. The initial step in most organizations' global development plans is typically an international strategy, which involves exporting or importing goods and services while marketing maintaining a headquarters or offices in their home country.

There is no one method that works for all business ventures that involve global expansion. Multinational corporations may decide to invest more in their target markets as they expand and scale.  Depending on your objectives and business style, expanding your company internationally by marketing takes on numerous forms.

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5 0
1 year ago
Joan borrowed $10,000 from a relative to start her own business. Assuming she takes all responsibility for the company's financi
iVinArrow [24]

Answer:

sole proprietorship

Explanation: im guessing

4 0
1 year ago
Which economic system has economic roles that are passed from generation to generation?
mylen [45]
The best answer would be: traditional economy (specifically, it's definitely neither market economy nor command economy - in those economies the family does not necessarily play a role in the chose of roles).

An example of such strict economic roles is ancient India - and the roles are called castes.
5 0
2 years ago
At Fantastic Flavors, a large regional chain of candy stores, employees from marketing, design, production, and finance departme
Advocard [28]

Answer:

From this description, it can be inferred that Fantastic Flavors uses a(n) Team-based new-product developmen approach

Explanation:

Team-based new-product development is an approach to developing new products in which company departments work closely together in cross-functional teams, overlapping the steps in the product development process to save time and increase effectiveness

7 0
3 years ago
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