What Is a Reason That Convergence May Take a Long

question 47

Multiple Choice

What is a reason that convergence may take a long time?

• A) The quality of human capital across countries is very uniform.
• B) The roots of economic development go back centuries.
• C) Poor economies must produce less to keep up with a growing population.
• D) Newly developed infrastructures divert resources.
• E) Developing countries often have a higher percentage of young people.

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Definitions:

Early Adopters

Consumers who are among the first to purchase and use new products or technologies, often helping to spread word-of-mouth information.

Late Majority

A segment of consumers in the technology adoption lifecycle that is skeptical of change and adopts new products or technologies after the majority of the market has accepted them.

Early Majority

A segment of consumers who adopt new products or innovations shortly after the early adopters, contributing significantly to market penetration and success.