Proponents of the View That the Higher Rate of Productivity

question 96

Multiple Choice

Proponents of the view that the higher rate of productivity growth since 1996 is part of a long-run trend argue it is a result of

• A) a continuing increase in the use of computers and other kinds of information technology.
• B) employers forcing more output from workers, who have become victims of new technologies.
• C) the shrinkage of the labor force, so that output per worker is rising.
• D) the rise of employment in the highly productive manufacturing sector.

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Definitions:

1890

A year significant in economic history, notably for the Sherman Antitrust Act's passage in the United States to combat anti-competitive practices.

Major Features

Principal characteristics or components that distinguish something from others.

Price Fixing

A practice where competitors agree on selling prices rather than letting competition in the market determine them, often illegal.

Antitrust Policy

Regulations and laws put in place to prevent monopolies, promote competition, and protect consumers from unfair business practices.