Low Interest Rates Encourage the Substitution of Capital for Labor,thereby

question 71

True/False

Low interest rates encourage the substitution of capital for labor,thereby depressing employment.

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Definitions:

Customer's Desires

The needs or wishes that drive consumers to purchase goods or services.

Group Technology

A product and component coding system that specifies the type of processing and the parameters of the processing; it allows similar products to be grouped.

Time-based Competition

A business strategy focusing on reducing the time required to deliver products and services to gain a competitive advantage.

Computer-aided Design (CAD)

The use of computer systems to aid in the creation, modification, analysis, or optimization of a design.