Movien Worked 10 Hours and Produced 50 Units of a Product.Allen

question 22

Multiple Choice

Movien worked 10 hours and produced 50 units of a product.Allen worked 15 hours and produced 50 units of the same product.Compared to Allen,Movien was:

• A)equally efficient but not as effective.
• B)equally effective and efficient.
• C)equally effective but not as efficient.
• D)neither effective nor efficient.
• E)more efficient and of unknown effectiveness.

Recognize the importance of choosing suitable international business strategies and partners.

Understand economic policy concerns discussed by the Organisation for Economic Co-operation and Development (OECD).

Understand the basic concepts and significance of international business.

Identify different strategies and structures of multinational corporations (MNCs).

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Definitions:

Disposable Income

The total amount of money available for an individual or household to spend or save after taxes have been deducted.

Consumption

The use of goods and services by households, constituting one of the major components of GDP.

APC

Average Propensity to Consume, which is the fraction of income that is consumed rather than saved.

MPS

The marginal propensity to save refers to the portion of each additional dollar of income that is set aside for savings instead of being spent.