Some Economists Argue That the Productivity Slowdown from Mid-1970s to Mid-1990s

question 209

Multiple Choice

Some economists argue that the productivity slowdown from mid-1970s to mid-1990s actually didn't happen, but just "appeared" to happen because

• A)services were becoming a more important part of the economy and it was hard to measure increases of output from services.
• B)new environmental laws had passed that forced firms to spend to reduce pollution, and this spending did not raise output.
• C)increased spending on health and safety raised worker productivity.
• D)A and B
• E)B and C

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Definitions:

Securities Act of 1933

A U.S. federal law enacted to ensure transparency and fairness in the securities market, requiring that investors receive significant information regarding securities being offered for public sale.

Due Diligence Defense

A legal defense whereby the defendant can avoid liability by proving that they took all possible steps to avoid committing an offence.

Registration Statement

A formal document filed with regulatory authorities that provides details about an investment offering for sale to the public, often associated with securities.

Investment Company Act of 1940

A U.S. federal law that regulates the organization and activities of investment companies, primarily focused on protecting investors.