Alfonso's Company Is Based in the United States and Practices

question 8

Multiple Choice

Alfonso's company is based in the United States and practices sustainable sourcing. Because his company gets materials and finished products from Canada and Mexico, its sourcing is referred to as

• A)near-sourcing.
• B)un-shoring.
• C)onshoring.
• D)near-shoring.
• E)outsourcing.

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Definitions:

National Saving

National saving is the sum of private and public savings in an economy, essentially the portion of national income that is not spent on consumption or government expenditure.

Consumption

The use of goods and services by households. It includes spending on durable goods, nondurable goods, and services.

Loanable Funds

The market where savers supply funds for loans to borrowers, often illustrated by the supply and demand for loans.

Interest Rate

The chunk of a loan taken as interest by the borrower, typically outlined as an annual percentage of the loan's outstanding balance.