Convergence Will Not Happen If Economies Around the World Have

question 25

Multiple Choice

Convergence will not happen if economies around the world have:

• A)different saving rates.
• B)different average products of capital in the transition.
• C)different levels out labour input.
• D)all of the above.

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Definitions:

Financing Activities

Transactions and events that affect the equity and long-term liabilities of a company, often reflected in the financing section of the cash flow statement.

Operating Activities

Activities that relate to a company's primary operations, including revenue and expense transactions that affect the net income.

U.S. GAAP

United States Generally Accepted Accounting Principles, a collection of commonly-followed accounting rules and standards for financial reporting.

Investing Activities

Transactions involving the acquisition or disposal of non-current assets, such as property, plant, and equipment, included in a company’s cash flow statement.