An Explanation for the Productivity Slowdown from 1973 Through 1995

question 131

Multiple Choice

An explanation for the productivity slowdown from 1973 through 1995 is

• A) measurement problems.
• B) creative destruction.
• C) a decline in oil prices.
• D) an increase in labor quality.

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Definitions:

Cost Variances

The difference between expected costs and actual costs, detailed in financial management and accounting to help identify areas of unexpected expense or efficiency.