An Increase in Incomes in Other Countries,other Things Equal,would Cause

question 120

Multiple Choice

An increase in incomes in other countries,other things equal,would cause U.S.

• A)exports to decrease and imports to increase
• B)exports to increase and imports to increase
• C)imports to decrease and exports to decrease
• D)imports to increase and exports would remain unchanged
• E)imports to remain unchanged and exports to increase

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Definitions:

Unreliable Processes

Procedures or systems that fail to consistently perform to their designed specifications or standards, leading to errors, defects, or inefficiencies.

Lean Manufacturing

The use of lean principles to accomplish high quality, low cost, fast response, and immediate availability in a manufacturing setting. Also called just-in-time (JIT) processing.

Unnecessary Waste

Refers to materials or resources that are excessively consumed or not utilized efficiently, leading to avoidable loss or expense.

Inventory

Merchandise on hand (not sold) at the end of an accounting period.