How Would You Define Convergence

question 100

Multiple Choice

How would you define convergence?

• A) tendency for gaps between industrial countries' per-capital incomes to narrow
• B) tendency for gaps between all countries' per-capital incomes to narrow
• C) the theory that a crisis in a low-income country will spread to all countries, regardless of debt structure
• D) the theory that a crisis in a low-income country will spread to only those countries which had lent money to the original country
• E) tendency for the world distribution of income to be persistently unequal

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