Because There Is a Trade-Off Between Total Output and Equality

question 3

Multiple Choice

Because there is a trade-off between total output and equality of income distribution,

• A)greater equality of distribution will generally result in higher levels of output.
• B)greater output is generally associated with more equal distribution.
• C)policies designed to increase output will only succeed if distribution is more equal.
• D)policies intended to expand output must necessarily fail.
• E)policies designed to equalize distribution may adversely affect the size of output.

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Definitions:

Work Cell

An arrangement of machines and personnel that focuses on making a single product or family of related products.

Process-Oriented Layouts

Facility layouts designed around the production process, grouping together resources based on similar processes to optimize workflow and equipment utilization.

Work-In-Process Inventory

Refers to the materials and goods that are partially completed in the production process.

Total "Cube"

A term used to refer to the total cubic volume of storage space or cargo, often in logistics and warehousing.