Social Studies, 09.03.2022 22:10 mom9032
What is the catch‑up effect concerning developed and developing countries? Developing countries .
a) never can catch up to developed countries.
b) have lower productivity per unit of capital because they are better at developing new technology.
c) have greater productivity per unit of capital because they are better at developing new technologies.
d) may grow faster than developed countries because they lack the most basic tools and capital investment leads to higher productivity growth.
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