Which of the Following Statements About Income Divergence During the Last

question 47

Multiple Choice

Which of the following statements about income divergence during the last two centuries is invalid?

• A) The poorest countries today have levels of income per capita that are just about subsistence.
• B) Two hundred years ago, the poorest nations income levels must also have been above subsistence.
• C) Affluent African nations have experienced significant per-capita GDP loss as a consequence of extractive colonization by European nations.
• D) Today's rich countries have experienced substantial growth in per-capita GDP.
• E) Evidence for divergence is based on data for very few nonindustrialized countries.

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Definitions:

Product Design

The process of defining the appearance, functionality, and manufacturability of a product to be offered to consumers.

Social Loafing

A phenomenon where individuals exert less effort to achieve a goal when they work in a group than when they work alone.

Synergy

The increased effectiveness that results when individuals, groups, or systems work together compared to when they operate separately.

Design a New Product

The process of creating a novel item or service that fulfills a specific consumer need or addresses a particular market niche.