The Convergence Hypothesis Helps Explain Why

question 223

Multiple Choice

The convergence hypothesis helps explain why:

• A) highly educated people converge in high-income countries.
• B) high-income individuals marry other high-income individuals.
• C) high-income countries continue their high growth rates.
• D) the income of high-income and lower-income countries gets closer.

---

Definitions:

Ordinary Course

Activities that are considered part of the normal, day-to-day operations of a business.

Assumes Liabilities

The act of taking on the legal debts or obligations of another party, often in the context of business transactions.

Fundamental Change

A significant alteration in the operation, structure, or nature of a business or organization that fundamentally changes its course or identity.

Unanimous Vote

A voting result where all participants cast the same vote, indicating total agreement.