A 90% Learning Curve Indicates

question 33

Multiple Choice

A 90% learning curve indicates

• A)a 90% increase in processing time per unit as output doubles.
• B)a 90% decrease in processing time per unit as output doubles.
• C)a 10% increase in processing time per unit as output doubles.
• D)a 10% decrease in processing time per unit as output doubles.

---

Definitions:

Globalization

The process of increasing interconnectivity and interdependence of the world's markets and businesses, facilitated by advances in communication and transportation technology.

Economic Integration

A process by which countries reduce trade barriers to enable more free flow of goods, services, and capital among each other, leading to increased economic interdependence.

Geographic Locales

Geographic locales refer to specific geographical areas or locations, each with its own unique characteristics and cultural practices.

Capitalism

An economic system where trade, industry, and the means of production are largely or entirely privately owned and operated for profit.