If the Saving Rate Increases, a Country's Growth Rate of Real

question 77

Multiple Choice

If the saving rate increases, a country's growth rate of real GDP per hour of labour ________ and capital per hour of labour ________.

• A)decreases; increases
• B)decreases; decreases
• C)increases; decreases
• D)increases; increases

Compare and contrast individual versus group incentive systems, including profit sharing and gainsharing.

Understand the principles of productivity measurement systems like ProMES and their impact on organizational performance.

Analyze the effectiveness of performance evaluation methods and their connection to strategic HR objectives.

Comprehend the role of skill- and knowledge-based pay systems in motivating employees.

---

Definitions:

Network Effects

The phenomenon whereby increased numbers of people or participants improve the value of a good or service.

Simultaneous Consumption

A situation where a good or service can be consumed by more than one individual at the same time without reducing the quantity available to others.

Monopoly Power

The ability of a monopoly to set or influence prices within the market due to the lack of competitive pressures.

Net Social Benefits

The total benefits from an action or policy minus the total costs, considering both direct and indirect effects on society.