Author Question: Countries with different initial levels of per capita income may gravitate to a similar level of per ... (Read 106 times)

KWilfred · **on:** Jun 30, 2018

Countries with different initial levels of per capita income may gravitate to a similar level of per capita income. Economists call this phenomenon ________.

A) convergence
B) simulation
C) gravitation
D) depreciation

Question 2

Of the following, which is the least likely example of an increase in total factor productivity?

A) the introduction of the assembly line
B) an increase in immigration
C) good weather
D) a reduction in the relative price of energy