Following an Increase in the Saving Rate,consumption Per Worker ________

question 7

Multiple Choice

Following an increase in the saving rate,consumption per worker ________.

• A)increases
• B)decreases
• C)is unaffected
• D)may either rise or fall

---

Definitions:

Experience Curve Concept

The principle that the cost of production decreases as a company gains more experience in manufacturing a particular product, due to efficiencies and learning.

Cost Leadership

A competitive strategy that aims to achieve the lowest operational costs and prices among competitors in the industry.

Brand Loyalty

The tendency of consumers to continuously purchase one brand's products over competing ones due to preference or satisfaction.

Industry Alliance

A collaboration formed between companies in the same industry, often aimed at achieving strategic objectives such as technological advancements or market expansion.