In the long run, the higher saving rate leads to a higher level of productivity and income but not to higher growth in these variables.
a. true
b. false
Ans: a. true
Economics
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According to the CPI basket, the largest item in the households' budgets is
A) apparel. B) education. C) food. D) transportation. E) housing.
Economics
The features of the U-Form of firm organization are
a. workers have trouble developing a high degree of functional expertise b. employees can easily share information across positions within a division c. employee evaluation is hampered by managers having different skill sets than workers d. coordination across divisions is simple and does not take much management time
Economics