Some People Feel That Continuing Low Levels of Productivity Growth

question 24

Multiple Choice

Some people feel that continuing low levels of productivity growth in the U.S. economy is a result of:

• A) measurement error.
• B) increased foreign competition.
• C) a decrease in prices.
• D) an increase in the return that could be earned from research and development.

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Definitions:

Cost of Borrowing

The total expenses, including interest and fees, associated with taking out a loan.

Lemons

In economics, it refers to low-quality or flawed products that are difficult to identify prior to purchase, notably used in the context of the used car market.

BMW Convertible

A type of luxury vehicle produced by BMW, characterized by a retractable roof, combining performance with the pleasure of open-air driving.

Guarantee

A formal assurance or promise, typically provided by a manufacturer or a seller, that certain conditions such as quality or lifespan of a product will be met.