Which of the Following Best Defines the Catch-up Effect

Economics questions and answers. Which of the following best defines the Asch effecta.

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It has the potential to grow relatively quickly due to the catch-up-effect E.

. A high wage attracts a better pool of workers that apply for the higher paying jobs due to their skills. It costs a lot to hire supervisors to catch workers who are shirking not working very hard so pay higher wage so workers are more eager to keep their jobs and gives them incentive to put i best efforts 4 worker quality. Catch up effect alternatively called the theory of convergence states that poor or developing economies grow faster compared to economies with a higher per capita income and gradually reach similar high levels of per capita income.

X The logic behind the catch-up effect is that new capital adds more to production in a country that doesnt have much capital than in a country that already has much capital. An increase in capital will likely have little impact on output D. The market for stocks and bonds 43.

Year CPI 2010 189 2011 211 Consider the data in the table above of the consumer price index for 2010. There is a cumulative catch-up if the remaining goods or services are not distinct. Influence of the group majority on an individuals judgmentThis answer is correctd.

It is accounted for prospectively if the remaining goods or services are distinct. Catch-up effect says that all countries will converge to. The mechanism through which one persons savings are matched with another persons investment is known as.

Which statement best defines the catch-up effect. A financial intermediaries d. Influence of one person on a large groupb.

Pretty much the definition of the catchup effect B. It must be a small nation. Amberm7274 is waiting for your help.

A financial market c. A reasonable measure of the standard of. Which of the following best defines the catch-up effect.

It is the idea that saving will always catch up with investment spending. It is the idea that it is easier for a country to grow fast and catch up with richer countries if it starts out relatively poor. Y The capital stock in rich nations deteriorates more rapidly than the capital stock in poor countries so poor countries catch up to rich nations.

It is the idea that it is easier for a country to grow fast and catch up with richer countries if it starts out relatively poor. Which of the following best describes the catch-up effect. Influence of the group minority on individual judgment1.

When a national has very little GDP per person Read More. It is the idea that if investment spending is low. The financial system b.

The property whereby the benefit of an extra unit of an input declines as the quantity of the input. A contract modification that only affects the transaction price is either accounted for prospectively or on a cumulative catch-up basis. The idea of convergence in economics also sometimes known as the catch-up effect is the hypothesis that poorer economies per capita incomes will tend to grow at faster rates than richer economies and in the Solow growth model economic growth is driven by the accumulation of physical capital until this optimum level of capital per worker which is the.

Changes in the transaction price. Influence of one person on the creation of a group goalc. Thus all economies over time may converge in terms of income per head.

It is doomed to being relatively poor forever B. It is easier for. Catch-up effect says that all countries will converge to their steady state level of income per capi.

The idea of convergence in economics also sometimes known as the catch-up effect is the hypothesis that poorer economies per capita incomes will tend to grow at faster rates than richer economiesAs a result all economies should eventually converge in terms of per capita income. It is the idea that saving will always catch up with investment spending O c. Developing countries have the potential to grow at a faster rate than developed countries.

None of these answers C.

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