Final answer:
The Baldrige program is TRUE in creating value for the U.S. economy as it is a key driver, enhances security, and advances knowledge for global leadership. It aligns with economic goals such as freedom, efficiency, equity, and growth.
Step-by-step explanation:
Does the Baldrige Program Create Value for the U.S. Economy?
Answering the question of whether the Baldrige program creates great value for the U.S. economy, it is TRUE. The Baldrige program is a primary driver of the U.S. economy by enhancing the nation's security, and advancing knowledge to sustain global leadership. It encourages businesses to improve their performance by focusing on quality and productivity, which may lead to innovation and competitive advantages. This links back to the principles of comparative advantage, as discussed in Chapter 19, which states that different levels of productivity between two economies can be a source of comparative advantage.
Furthermore, economic programs like the Baldrige program perform a delicate balancing act by providing benefits to the business sector, supporting economic growth, and ensuring consumer protection. This is reflected in the significant economic goals recognized in the U.S. including economic freedom, economic efficiency, economic equity, and economic growth. Therefore, the Baldrige program supports these goals by fostering a competitive and productive business environment.