How Would You Define Convergence

question 100

Multiple Choice

How would you define convergence?

• A) tendency for gaps between industrial countries' per-capital incomes to narrow
• B) tendency for gaps between all countries' per-capital incomes to narrow
• C) the theory that a crisis in a low-income country will spread to all countries, regardless of debt structure
• D) the theory that a crisis in a low-income country will spread to only those countries which had lent money to the original country
• E) tendency for the world distribution of income to be persistently unequal

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Definitions:

Information Search

The process consumers go through to gather information about products or services before making a purchasing decision.

Problem Recognition

The initial step in the purchase decision process, where the consumer recognizes a need or problem that requires resolution.

Alternative Evaluation

The stage in the consumer decision-making process where potential products or services are assessed and compared against each other based on criteria such as features, price, and quality.

Prepurchase Cognition

The thought processes and considerations consumers engage in before making a buying decision, including evaluation of alternatives and product information.