Given the Fact That the Productivity Slowdown of the Mid-1970s

question 102

Multiple Choice

Given the fact that the productivity slowdown of the mid-1970s to the mid-1990s affected all industrial countries,which of the following explanations for the productivity slowdown in the United States is not likely to be correct?

• A)A deterioration of the U.S.education system caused a decline in the quality of labor.
• B)high oil prices
• C)Services have become a larger fraction of GDP.
• D)stricter environmental regulations

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Definitions:

Tragedy of the Commons

A situation in economic theory where individual users consuming shared resources act according to their own self-interest contrary to the common good of all users, leading to resource depletion.

Agricultural Sustenance

Practices and methods of farming that support the long-term productivity and health of the land, aiming for food security and environmental sustainability.

Pollution Prevention

Strategies and practices aimed at reducing or eliminating the production of pollutants at their source, rather than managing them after they have been created.

Pollution Cleanup

The process of removing contaminants from the environment, including soil, water, and air, to reduce pollution and restore ecosystems to their natural state.