The Logic Behind the Catch-Up Effect Is That

question 106

Multiple Choice

The logic behind the catch-up effect is that

• A)workers in countries with low incomes will work more hours than workers in countries with high incomes.
• B)the capital stock in rich countries deteriorates at a higher rate because it already has a lot of capital.
• C)new capital adds more to production in a country that doesn't have much capital than in a country that already has much capital.
• D)None of the above is correct.

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Definitions:

Cross-Sectional Research

An observational study variant that evaluates data from a population, or a representative sample, at a particular moment.

Longitudinal

A study design that involves repeated observations of the same variables over short or long periods of time.

Case Study

Study of one individual in great detail.

Adolescence

The transitional stage of physical and psychological development that occurs between childhood and adulthood.