In the Open-Economy Macroeconomic Model,the Market for Loanable Funds Equates

question 104

Multiple Choice

In the open-economy macroeconomic model,the market for loanable funds equates national saving with

• A)domestic investment.
• B)net capital outflow.
• C)the sum of national consumption and government spending.
• D)the sum of domestic investment and net capital outflow.

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Definitions:

Mass Manufacturing

A production process characterized by the large-scale manufacture of standardized products, utilizing assembly lines and advanced technology to achieve high efficiency.

Work Specialization

The process of dividing work activities into separate job tasks to increase efficiency and productivity through focus on specific skills or functions.

Efficiency

refers to the effective use of resources to achieve objectives with minimal waste or effort, often maximizing output with given inputs in various contexts, including business and technology.

Training

refers to the process of enhancing the skills, knowledge, and competencies of employees through educational activities, aimed at improving their performance and productivity.