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:

Paid Dividend

The cash or stock distributed to shareholders from a company's earnings.

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, usually with guaranteed dividends, but without voting rights.

Par

A term that refers to a financial instrument trading at its face or nominal value.

Rate

The percentage at which a particular event occurs, often used in the context of interest or growth rates.