Question

"Convergence occurs as ________ is sought, such as for the EC countries, and as competitive pressures in free-trade zones, such as the NAFTA countries, eventually bring about demands for some equalization of benefits for workers."

Answer 1

Answer:

The correct answer is letter "B": harmonization.

Explanation:

In economics, convergence refers to the fact that poor countries' income per capita increases at a faster pace than in rich countries. At a certain point in time, every country's income per capita should converge at the same point.

Several actions could be carried out to fasten that process such as standardizing labor conditions across the European Community (EC) or free-trade blocks such as the North American Free-Trade Agreement (NAFTA). Once labor conditions have been subject to harmonization regardless of the region in the world, convergence will be a more attainable objective.