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Convergence Theory Occurs When Former Capitalist Nations Adopt Features of Socialism

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True/False

Convergence theory occurs when former capitalist nations adopt features of socialism and former socialist nations adopt features of capitalism, while each transforms into the other.


Definitions:

Tariff

A tax imposed by a government on imported goods, often used to protect domestic industries and regulate trade balances.

Legal Limit

The maximum or minimum boundary set by law, such as for speed on roads, alcohol consumption, or transaction amounts.

Foreign-Produced Shoes

Shoes that are manufactured outside of one's home country.

Tariff

A tax imposed on imported goods, usually to protect domestic industries or to generate revenue.

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