It Is Possible for an Economy to Become More Productive

question 33

Multiple Choice

It is possible for an economy to become more productive and per-capita output to increase if

• A) new ideas are generated.
• B) inventions are developed.
• C) technology is improved.
• D) all of the above

---

Definitions:

Early 1970s

A period marked by significant cultural, political, and technological changes worldwide, roughly spanning from 1970 to 1974.

Polarization Between Jobs

The growing divide in job quality and security, often leading to high-wage, highly skilled jobs at one extreme and low-wage, insecure jobs at the other.

Recent Changes In Work

Transformations in the labor market, work environments, and job structures, driven by factors such as technology, globalization, and social trends.

Workplace Redefinition

The process of changing the understanding or composition of the work environment, often due to technological advancements, societal shifts, or changes in workforce expectations.