If a Country's Saving Rate Increases,then in the Long Run

question 173

Multiple Choice

If a country's saving rate increases,then in the long run

• A) both productivity growth and income growth increase.
• B) only productivity growth increases.
• C) only income growth increases.
• D) neither productivity growth nor income growth increase.

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Definitions:

JIT

Just-In-Time, an inventory management strategy that aims to increase efficiency and decrease waste by receiving goods only as they are needed in the production process.

Competitive Advantage

The attribute or set of attributes that allows an organization to outperform its competitors by offering greater value to customers, either through lower prices or by providing more benefits and services.

Inventory

the stock of any item or resource used in an organization, encompassing raw materials, finished goods, and work in progress.