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3 years ago

Empirical evidence from 1960 to 2010 shows that convergence in economic growth is occurring in which of the following cases?

Business

1 answer:

kaheart [24]3 years ago

7 0

Answer:

Correct Answer:

c. Low-income developing countries are catching up to high-income industrial countries.

Explanation:

The evidence which shows that low income developing countries are catching up to high-income industrial countries could be found in the series of developmental strides made by some countries like Rwanda, Kenya, Tanzania, Indonesia, Vietnam etc over the years. <em>Most of their achievements is at par with most European countries in different sectors such as educational, and social sectors.</em>

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3 years ago

I was doing good until this question

IrinaVladis [17]

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3 years ago

According to the Porter (1996) article on Strategy, if there were only one ideal position in a market segment, there would be no

Brilliant_brown [7]

Answer:

True

Explanation:

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3 years ago

1. Which of the following accurately explains why scarcity forces individuals and society to incur opportunity costs? A. Because

lozanna [386]

Answer:

explanation of opportunity cost:

A. Because of scarcity, people must make choices, and each choice incurs a cost

exampes of opportunity cost:

A. The money spent on a movie ticket cannot buy a Blu-ray player

C. The time spent preparing for a test cannot be spent playing computer games

Explanation:

The opportunity cost refers to the return or ouput of the resource used in the best alternative decision.

That means, the wages we get fro ma certain job most be compared with the wages we could do in another to really check if we are making a gain or not with our job.

Same applies for capital and other factors.

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