Unconditional Convergence Means That in the Long Run

question 51

Multiple Choice

Unconditional convergence means that in the long run

• A)living standards converge only within groups of countries having similar characteristics.
• B)living standards converge only for countries that have the same initial capital-labour ratio.
• C)living standards around the world become the same.
• D)differences persist in living standards around the world.

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Definitions:

Response Set Theory

The view that response expectancies play a key role in the production of the experiences suggested by the hypnotist.

Hypnotized

The state of being in a trance, often induced by a hypnotist, where a person may experience increased focus, reduced peripheral awareness, and heightened suggestibility.

Psychological Problems

Disorders characterized by dysfunctional thoughts, feelings, and behaviors that cause significant distress or impairment in daily functioning.

Nightmares

Nightmares that awaken the sleeper with feelings of fear and anxiety.