Robert Barro's Empirical Findings That Countries with Higher Levels of Investment

question 23

Multiple Choice

Robert Barro's empirical findings that countries with higher levels of investment will achieve a steady state with a higher per-capita income but not with a higher growth rate supports

• A)the notion of absolute convergence
• B)the notion of conditional convergence
• C)the predictions of the endogenous growth theory
• D)the belief that a high savings rate is not beneficial for any nation
• E)the belief that technology is not very important

---

Definitions:

Horizontal Gene Transfer

The swapping of genetic material in single or multiple-celled organisms through mechanisms that bypass the "vertical" passing down of DNA from ancestor to descendant.

Phylogenetic Species Concept

A concept in biology that defines a species based on the smallest group of individuals that share a common ancestor, representing one branch on the tree of life.

Adaptation

The process by which a species becomes better suited to its environment through the development of physical, behavioral, or physiological changes.

Bacterial Species

Groups of bacteria that share certain diagnostic traits and genetic similarities, differing significantly from other bacterial groups.