Multiple Choice
Neoclassical growth theory
A) predicts that growth rates and incomes per person throughout the world will converge.
B) predicts that the faster growing underdeveloped nations will overtake and then surpass the industrial nations.
C) predicts that nations that enjoy a technological advantage will maintain that advantage.
D) makes no predictions about the relative growth or incomes among countries.
Correct Answer:
Verified
Correct Answer:
Verified
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