Which of the Following Is True Regarding the Productivity Slowdown

question 104

Multiple Choice

Which of the following is true regarding the productivity slowdown in the United States during the mid-1970s?

• A) The productivity slowdown occurred despite a rising quality of labor.
• B) The productivity slowdown was unique to the United States as foreign countries experienced unprecedented rates of growth during that time.
• C) High oil prices raised the costs of doing business for markets worldwide, and reduced output worldwide as well.
• D) The move toward a "New Economy" ended in the early 1970s, resulting in less technological progress in the United States during the mid-1970s.

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Definitions:

Oxidized

A chemical reaction in which a substance loses electrons, often leading to the gain of oxygen or loss of hydrogen, affecting the substance's charge and reactivity.

Glycolysis

A metabolic pathway occurring in the cytoplasm of cells where glucose is broken down to produce energy in the form of ATP.

Citric Acid Cycle

A sequence of chemical reactions used by all aerobic organisms to release stored energy through the oxidation of acetyl-CoA derived from carbohydrates, fats, and proteins.

GDP

Stands for Gross Domestic Product, a measure of the economic performance of a country, representing the total value of all goods and services produced over a specific time period.