The Main Explanation for the Lower Growth Rate for the American

question 407

Multiple Choice

The main explanation for the lower growth rate for the American economy in the 21st century compared to the previous 250 years is

• A) higher minimum wages.
• B) that although Americans are working more, they are more distracted by technology and therefore are less productive at work.
• C) that Americans are working less.
• D) the increasing labor-force participation rates of women with young children.

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Definitions:

Empirical Hypothesis

A proposition that can be tested through observation and experiments to determine its validity.

Scientific Management

A theory of management that analyzes and synthesizes workflows, aiming to improve economic efficiency, especially labor productivity, by systematic study of work methods.

Labor Force

All the members of a particular organization or population who are able to work, viewed collectively.

Conflict

A situation where opposing ideas, interests, or individuals compete, leading to disagreements or disputes within a group or organization.