The Reduction in Private Borrowing Caused by an Increase in Government

question 70

Multiple Choice

The reduction in private borrowing caused by an increase in government borrowing is called:

• A) the crowding out effect.
• B) surplus investment.
• C) the dissaving effect.
• D) the savings effect.

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Definitions:

Task Specialisation

The division of labor where individuals or groups focus on a narrow set of tasks, improving efficiency and expertise.

Job Scope

The extent of the range of responsibilities, duties, and tasks that a particular job entails.

Job Depth

The degree of control, decision-making power, and responsibility granted to an employee within their role, often related to the complexity and scope of the tasks they perform.

Job Rotation

A strategy where employees rotate between multiple positions within an organization to learn different skills and gain varied experience.