Why Do Some Economists Point to a Decline in the Quality

question 48

Multiple Choice

Why do some economists point to a decline in the quality of labor as an explanation for the productivity slowdown in the mid-1970s?

• A)The average level of education of citizens of the United States rose dramatically during this period of time.
• B)The skill level required to perform many jobs increased during this period of time,although the skills of the labor force did not increase as quickly.
• C)Scores on standardized tests during that period of time began to rise.
• D)Increases in the amount of capital available reduced labor quality.

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Definitions:

Crackberries

A slang term once popularly used to describe BlackBerry smartphones, reflecting their addictive nature and constant use by their owners.

Digital Devices

Electronic tools that can store, process, or transmit information digitally.

High-level Dependence

A situation where an individual, system, or process relies significantly on another for support, resources, or functioning.

Intellectual Capital

The collective knowledge, experience, and skills of an organization's employees that gives it a competitive advantage.