Author Question: Empirical evidence from 1960 to 2011 shows that convergence in economic growth is occurring in which ... (Read 119 times)

brutforce

  • Hero Member
  • *****
  • Posts: 540
Empirical evidence from 1960 to 2011 shows that convergence in economic growth is occurring in which of the following cases?
 
  A) Low-income developing countries are catching up to high-income industrial countries.
  B) Low-income industrial countries are catching up to high-income industrial countries.
  C) Low-income industrial countries are catching up to high-income developing countries.
  D) All low-income countries are catching up to all high-income countries.

Question 2

A decrease in investment causes the price level to ________ in the short run and ________ in the long run.
 
  A) decrease; decrease further B) increase; decrease
  C) increase; increase further D) decrease; increase



makaylafy

  • Sr. Member
  • ****
  • Posts: 347
Answer to Question 1

B

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

For a complete list of videos, visit our video library