Convergence of Output Per Capita Across Countries Has Come From

question 41

Multiple Choice

Convergence of output per capita across countries has come from:

• A) a convergence of the accumulation of capital.
• B) a convergence of depreciation rates.
• C) higher technological progress from the countries that started behind.
• D) a convergence of saving rates.
• E) a convergence of population growth.

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Definitions:

Good Faith Purchaser

is a person who buys property without notice of any other party's claim to the title of the property and for a fair value.

Consequential Damages

Losses that arise not directly from a breach of contract but as a foreseeable result of the breach.

Monetary Damages

Compensation awarded in the form of money to a person who has suffered loss or injury as a result of the wrongful act of another.

Liquidated Damage Clause

A provision in a contract specifying a predetermined amount of damages to be paid if one party breaches the agreement.