The Productivity Speed-Up in the United States Began in the

question 159

Multiple Choice

The productivity speed-up in the United States began in the

• A)mid-1970s.
• B)mid-1980s.
• C)mid-1990s.
• D)beginning of 2001.

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Definitions:

Output Markets

Markets in which goods and services are exchanged.

Product Market

The marketplace where final goods or services are offered to consumers, businesses, and the public.

Output Market

The output market is the marketplace in which goods and services produced by firms are sold or exchanged, contrasting with input markets where firms buy resources needed for production.

Labor

The physical and mental effort used to produce goods and services.