Answer: c. Over time, developing economies become richer, and developed economies become poorer, until they reach the same level of wealth.
Explanation:
The Solow model which is a neoclassical framework focuses on long term Economics and does indeed speak to the convergence of the Real GDPs of Developed Countries with that of Developing countries.
However, of all the options listed, Option C goes against the model because convergence cannot happen if the Developed Countries keep getting richer while Developing countries keep getting poorer. Should that happen, they will never get to the same level of wealth and indeed might end up on opposite sides of the wealth spectrum with Developed Countries being extremely wealthy and Developing countries being extremely poor.
For convergence to happen, the conditions in A, B and D are preferable as they can indeed bring about the said convergence.
C: Personal loans offer lump sums of money, while credit cards set a maximum amount a person can borrow.
Explanation:
The stock market declined and it started the great depression
Answer:
Let Blueberry lemon smoothies A
Let Orange swirl smoothies = B C
Let Triple berry smoothies = C
Gordon’s Smoothie Stand
Allocation of joint costs
A B C Total
Number of cups produced A 21.75 29.00 36.25
Weight B 2.00 1.00 2.00
Weighted Number of cups produced C=A*B 43.50 29.00 72.50 145.00
Cost per batch D 43.00
Cost/Weighted Number of cups produced E=D/C 0.30
Cost allocated to each product F=C*E 12.90 8.60 21.50 43.00
