Geographical Patterns of Income Inequality in Core Countries Suggest That

question 4

Multiple Choice

Geographical patterns of income inequality in core countries suggest that over time:

• A) regions tend to equilibrium in terms of between-region inequality
• B) wealthy regions always become wealthier relative to others
• C) regions that are wealthy have advantages but these can reverse dramatically
• D) the income gap between rich and poor regions has closed recently

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Definitions:

Diffusion of Innovation

The process through which a new idea, product, or practice spreads within a population.

Trademark

A symbol, word, or phrase legally registered or established by use as representing a company or product.

Patent

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Average Total Cost

The total cost of production (fixed and variable costs) divided by the number of units produced, representing the cost per unit.