Briefly explain the theory of ‘Convergence relating to Economic Growth?’ How does Absolute Convergence differ from Conditional Convergence?
The theory of convergence of economic growth implies that per capita of poor nations of the world's will grow at faster rate than developed nations and they will eventually meet at the same place in future in terms of per capita.
Absolute convergence means that per capita will converge even if you take absolute values (the absolute value of -3 and 3 is 3) while conditional convergence means that developing economies will converge to developed ones while those economies with falling per capita will converge to the depressed economy.
Briefly explain the theory of ‘Convergence relating to Economic Growth?’ How does Absolute Convergence differ from...
How does harmonization differ from convergence?
How does the neoclassical growth model explain economic growth? Does it explain the impact of technology on output?
How does accounting profit differ from economic profit?
How does nursing theory differ from theories of other disciplines?
9. How does the classical quantity theory of money explain the relationship between growth in the money supply and inflation?
8. How does agency theory (Chapters 2 and 4) differ from the equity theories dis- cussed in this chapter? 9. Does the entity theory or the proprietary theory provide a better description of the relationship existing between the large modern corporation and its owners? 10. Why has the entity theory fragmented into two separate conceptions?
How does simple subjectivism differ from emotivism and error theory regarding the truth-evaluability of moral statements?
1.Economic theory: a. seeks to explain economic events b. seeks to predict economic events c. abstracts from the many detail that surrounds an economic event d. all of the above 2.The Mercantilists did not advocate: a. free trade b. stimulating the nation's exports c. restricting the nations' imports d. the accumulation of gold by the nation 3.According to Adam Smith, international trade was based on: a. absolute advantage b. comparative advantage c. both absolute and comparative advantage d. neither absolute...
In 500 words or less, briefly explain how HPLC stationary phases typically differ from those used in column chromatography in terms of particle sizes. Explain the new challenges that this difference introduces to HPLC and how those challenges are overcome.
-is there any empirical evidence for and/or against convergence? -does the (slow)growth model of ch11 support convergence? explain