If a Country Increases Its Saving Rate in the Long

question 379

Multiple Choice

If a country increases its saving rate in the long run

• A)K/L and productivity will be higher.
• B)K/L will be higher but productivity will not be higher.
• C)K/L will not be higher but productivity will be higher.
• D)neither K/L nor productivity will be higher.

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Definitions:

Key Product

A product that is crucial to a company's success, often contributing significantly to its revenue and brand identity.

Strategic Contingencies

Critical factors that organizations must address to adapt and succeed in a changing environment.

Strong Effect

A significant impact or influence that a variable or factor has on a particular outcome or result.

High N Pow

High N Pow, or high need for power, refers to an individual's desire to influence, control, or have authority over others.