Which of the Following Correctly and Fully Defines Conditional Convergence

question 1

Multiple Choice

Which of the following correctly and fully defines conditional convergence? Conditional convergence refers to the tendency for

• A) poorer countries to grow faster than richer countries, but only if they receive sufficient foreign direct investment so that their steady-state capital stocks converge.
• B) richer countries to grow faster than poorer countries given similar steady-state capital stocks.
• C) poorer countries to grow faster than richer countries given similar steady-state capital stocks.
• D) countries with similar steady-state levels of output to grow faster when they're poor than when they're rich until their per capita GDP levels converge.

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Definitions:

Job Satisfaction

The extent to which individuals feel content, fulfilled, and positive about their job and work environment.

Motivator Factor

Elements of a job that can lead to job satisfaction, according to Herzberg's two-factor theory, such as recognition, achievement, and personal growth.

Two-factor Theory

A theory in psychology proposed by Herzberg that identifies factors affecting workplace motivation, distinguishing between 'hygiene' factors and 'motivators'.

Job Context

Refers to the conditions, environment, and aspects under which a job is performed, including physical and social factors.