The notion that with accumulation of various forms of capital poor countries can grow faster than rich ones and eventually converge in terms of living standards is known as The catch up e
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The notion that with accumulation of various forms of capital poor countries can grow faster than rich ones and eventually converge in terms of living standards is known as
The catch up effect |
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The invisible hand |
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Counter divergence |
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Comparative returns |
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- The notion that with accumulation of various forms of capital poor countries can grow faster than rich ones and eventually converge in terms of living standards is known as A.) The catch up effect B.) The invisible hand C.) Counter divergence D.) Comparative returnsA growth process whereby relatively poorer nations increase their income by taking advantage of knowledge and technologies already invented in other, technologically more advanced countries is referred to as_____: Question 5 options: 1) catch-up growth. 2) innovative growth. 3) transfer growth. 4) trade-based growth.Measuring globalization is problematic because ________. A. output from foreign-owned investments as a percentage of world production has decreased. B. economic interdependence has been decreasing since the mid-twentieth century. C. a country's interdependence must be measured directly. D. restrictions on imports have generally been increasing. E. domestic business transactions can become international ones when national boundaries shift.
- The principle of comparative advantage states that countries should specialize in the production of goods for which they have a lower opportunity cost of production than their trading partners. True FalseAs international businesses look to emerging markets for growth opportunities and access to resources, they will evaluate the business environments of the countries under consideration. Argentina is the largest country in South America, and its terrain includes mountains, lakes, glaciers, and grasslands. It is resource rich—producing soybeans, wheat, wine, and beef. It has more arable land per person than all but five nations in the world. Argentina has the world’s third largest shale-oil and gas fields. With a population of more than 45 million and rich natural resources, Argentina might seem to be a desirable market for international businesses. Despite this, Argentina is known as a rich country made poor. Consider these points of interest about Argentina. In 1913, Argentina was the 10th wealthiest country in the world, ahead of Norway, France, Germany, and Japan. Today, it is in 85th place, behind Russia and China, with a per-capita income of $10,000. Demographically, Argentina…Countries such as the China that have large populations tend to have a) relatively greater capital outflows. b) lower trade-to-GDP ratios. c) higher trade-to-GDP ratios. d) relatively smaller capital outflows.
- Suppose Yamahonda, a Japanese-owned motorcycle manufacturer, builds a production plant in Alabama. This is an example of foreign investment in the United States. Which of the following policies are consistent with the goal of increasing productivity and growth in developing countries? Check all that apply. Providing tax breaks and patents for firms that pursue research envelopment in health and sciences. Protecting property rights and enforce contracts. Increasing taxes on income from savings Imposing restrictions on foreign ownership of domestic capital. What is a significant factor in long-run economic growth that Robert Fogel, an economic historian, is best Known for suggesting? Improvements in the protection of property and enforcement of contracts through the maturation of the civil and criminal Justice systems Improvements in technology from the incentives created by a better patent system Improvements in worker health from better nutrition Inward oriented policies that protest…Suppose country A has 5000 units of capital and 2000 units of labor while country B has 6000 units of capital and 3000 units of labor. which country capital abundant.The East Asian Miracle countries developed rapidly because they a) adopted successful industrial policies. b) had mild financial repression. c) adopted successful land reform. d) adopted free trade policies. e) had limited price distortions.
- Between 1960 and 2010 the annual growth rate was 3% in country A and 1% in country B. The two countries are in the process of convergence if: (a) in 1960 country A was poorer than country B (b) in 1960 country A was richer than country B (c) since 1960 the capital output ration has increased more in country A than in country B (d) the savings rate is higher in country A than country B (e) both (a) and (c)In the specific factor model with labour as a mobile factor, introducing trade lowers the welfare of workers increases output and consumption in the world. increases the welfare of all the owners of specific factors in Home. induces a Pareto improvement for the economy that exports more.As per Ricardo, a nation has a comparative advantage in the production of a commodity in which it has Select one: a) Greater disadvantage b) Lesser disadvantage c) Greater advantage d) Lesser advantage e) Equal advantage