Over the Past Fifty Years,convergence Has Generally Occurred for All

question 28

Multiple Choice

Over the past fifty years,convergence has generally occurred for all of the following groups of countries with the exception of

• A)the five richest countries.
• B)European countries.
• C)the 'four tigers' in Asia.
• D)OECD countries.
• E) none of the above

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Definitions:

Stable National Government

A government that is consistently able to provide services, enforce laws, and maintain order without frequent changes or interruptions.

Economy

The system of production, distribution, and consumption of goods and services within a particular society or geographical area.

American Economy

The economic system of the United States, characterized by a mixture of private and public enterprises.

Commercial Manufacturing

Commercial manufacturing refers to the large-scale production of goods typically utilizing machinery in factories, aimed at supplying a wide market.