The Convergence Hypothesis Says That

question 61

Multiple Choice

The convergence hypothesis says that:

• A) differences in real GDP per capita among countries tend to narrow over time.
• B) differences in real GDP per capita among countries tend to increase over time.
• C) differences in real GDP per capita do not have much effect on living standards in the long run.
• D) aggregate production functions in different countries will all be the same in the long run.

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Definitions:

Provincial Employment Standards

Regulations set by provincial governments outlining the minimum terms of employment, including hours of work, wages, and leave entitlements, to protect workers' rights.

Anti-spam Legislation

Laws designed to prevent unwanted or unsolicited emails by establishing requirements for sending bulk commercial messages.

Electronic Commercial Messages

Any type of message, such as emails or texts, that is primarily intended for marketing or advertising purposes.

PIPEDA

The Personal Information Protection and Electronic Documents Act, a Canadian law governing data privacy.