A Major Effect of the Rise in the Rate of Productivity

question 84

Multiple Choice

A major effect of the rise in the rate of productivity growth in the United States is a(n)

• A)rise in the rate of inflation.
• B)rise in the growth of living standards.
• C)increase in the relative prices of U.S.goods in foreign markets.
• D)increase in the competitiveness of U.S.goods in foreign markets.

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Definitions:

Legislators

Elected officials who have the authority to make or change laws within a legislative body, such as a parliament or congress.

Factory Emissions

The release of pollutants into the atmosphere from industrial operations, which can include substances harmful to both the environment and human health.

Regulation

The process of implementing and enforcing rules set by a government or other authority to manage and control activities, especially in economic and social policy.

Prescription Medications

Drugs that legally require a medical prescription to be dispensed due to their powerful effects and potential for abuse.