Multiple Choice
If there is international trade and finance,output per worker will converge in rich and poor countries.Will consumption per worker converge?
A) Yes,with the same output,consumption must be the same.
B) Yes,in equilibrium,consumption per worker must be the same around the world.
C) No,because total output is different.
D) No,because part of the output must be used to repay foreign investors.
Correct Answer:
Verified
Correct Answer:
Verified
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