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

question 29

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 and 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:

Chapters 7,11,13

Sections of the United States Bankruptcy Code that outline different procedures for the liquidation or reorganization of indebted entities or individuals.

Debtor

An individual, company, or institutional entity that owes money to another entity.

Secured Transaction

A loan or credit transaction in which the borrower agrees to give the lender a security interest in certain property (collateral) as a guarantee for repayment.

Personal Property

Personal property refers to assets or belongings that are movable and not permanently fixed to one location, such as furniture, vehicles, and electronics.