The Economic Theory That States That as Time Passes, Economic

question 82

Multiple Choice

The economic theory that states that as time passes, economic systems become much more similar, with common rates of growth, common employment levels and common rates of inflation is known as

• A)divergence theory
• B)parallel path theory
• C)convergence theory
• D)non-competing economic systems theory
• E)static state theory

---

Definitions:

Straight-Line Method

A depreciation method where an equal amount of depreciation expense is allocated for each year of the asset's useful life.