According to the Convergence Hypothesis, as the Rate of Technological

question 172

Multiple Choice

According to the convergence hypothesis, as the rate of technological adoption rises in poorer countries,

• A)the gap between rich and poor countries increase.
• B)income inequality rises.
• C)the flow of net exports can be reduced.
• D)the gap between wealthy and poor countries close.

Understand the effects of minimum wage laws on employment and labor supply.

Differentiate between the human-capital and signaling theories of education.

Explain the factors contributing to the earnings gap between individuals with different levels of education.

Identify the characteristics that lead to a "superstar" phenomenon in earnings.

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Definitions:

Balanced Scorecard

A strategic planning and management system used to align business activities with the vision and strategy of the organization, track performance against strategic goals, and improve internal and external communications.

Global Reporting Initiative

An international organization that helps businesses and governments worldwide understand and communicate their impact on critical sustainability issues.

Strategic Performance Measurement System

A framework to track and evaluate an organization's performance against its long-term strategic goals.

Performance Measurement System

A performance measurement system is a set of metrics used to quantitatively gauge an organization's performance over time towards its goals.