Conditional Convergence Means That in the Long Run

question 80

Multiple Choice

Conditional 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)living standards converge even if countries have different population growth rates.

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Definitions:

Self-esteem

An individual’s subjective evaluation of their own worth or value.

Existential Therapist

A psychotherapy practitioner who focuses on existential issues such as meaning, choice, and existential angst to facilitate personal growth.

Future Goals

The objectives or outcomes that a person aims to achieve in the future, often serving as a motivation for action.

Object-relations Theory

A psychoanalytic theory focusing on relationships, suggesting that the internalized images of oneself and others formed during early childhood influence one's emotions and interactions with others throughout life.