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:

Foreign Producers

Companies or individuals that manufacture or provide services in one country for consumption in another country.

Domestic Producers

Local or national firms and individuals that produce goods and services within a country.

Free Trade

The absence of tariffs, duties, or trade barriers between countries, allowing for the unrestricted exchange of goods and services.

Sold Quantity

The total number of units of a product sold within a specific time period.