Some Economists Argue That the Productivity Slowdown of the Mid-1970s

question 118

Multiple Choice

Some economists argue that the productivity slowdown of the mid-1970s to the mid-1990s was due to changes in oil prices that

• A)increased production costs,causing firms to reorganize production to conserve energy,which reduced output per worker.
• B)decreased production costs,causing firms to reorganize production to conserve energy,which reduced output per worker.
• C)increased production costs,causing firms to reorganize production to conserve energy,which increased output per worker.
• D)decreased production costs,causing firms to increase production,which reduced output per worker.

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Definitions:

Blank Slate

The idea that individuals are born without built-in mental content, and all knowledge comes from experience or perception, also known as tabula rasa.

Nativists

Proponents of the theory that certain skills or abilities are innate and not acquired through learning or experience.

Inborn Characteristics

Traits or features present from birth, often considered to be genetically inherited or biologically determined.

Psychologists

Professionals who study cognitive, emotional, and social processes and behavior by observing, interpreting, and recording how individuals relate to one another and their environments.