Convergencein economic growth refers to the idea that a. less developed economies experience higher growth rates,thus catching
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"Convergence"in economic growth refers to the idea that
| a. | less developed economies experience higher growth rates,thus catching up with more developed countries | |
| b. | labor and capital tend to come together,or "converge." | |
| c. | with world trade all countries are competing in the same marketplace. | |
| d. | with globalization, you can find a Big Mac all over the world |
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