The Slow Growth of U

question 97

Multiple Choice

The slow growth of U.S. incomes during the 1970s and 1980s can best be explained by

• A)unstable economic conditions in Eastern Europe.
• B)increased competition from abroad.
• C)a decline in the rate of increase in U.S.productivity.
• D)a strong U.S.dollar abroad, hurting U.S.exports.

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Definitions:

Bonus

An additional payment or reward given to employees as an incentive or reward for performance.

Partnership

A form of business organization where two or more individuals agree to share the profits and losses of a business venture.

Noncash Assets

Assets that cannot be easily converted into cash, such as equipment, real estate, and intellectual property.

Capital Balances

The sum of funds invested by owners in a business along with any accumulated profits or losses.