Which of the Following Is a Normative Statement About Economic

question 27

Multiple Choice

Which of the following is a normative statement about economic growth?

• A)Economic growth is associated with higher labour productivity growth.
• B)Economic growth increases GDP per capita.
• C)Economic growth hurts developing countries.
• D)Foreign direct investment stimulates economic growth.
• E)Economic growth is lower where property rights are enforced.

---

Definitions:

Throughput Time

The amount of time taken for a product to pass through all stages of production from start to finish, including processing time, wait time, and move time.

Manufacturing Cycle Efficiency

A metric that measures the efficiency of the manufacturing process, calculated as the value-added time divided by the total cycle time.

Non-Value-Added

Activities or processes that do not add value to the product or service from the customer's perspective, leading to unnecessary costs.

Delivery Cycle Time

The total time taken from when a customer order is placed until the order is delivered, including all processing, manufacturing, and shipping times.