Which of the Following Caused the Productivity Problem of the 1970s

question 94

Multiple Choice

Which of the following caused the productivity problem of the 1970s in the U.S.?

• A) low saving rate
• B) increased governmental regulations
• C) low spending on research and development
• D) all of the above

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Definitions:

Abraham Lincoln

The 16th President of the United States, serving from 1861 until his assassination in 1865, known for leading the country during the Civil War and abolishing slavery.

Union Economy

During the American Civil War, the Union economy refers to the economic conditions and policies in the Northern states, which supported industrial growth and the war effort against the Confederacy.

Protective Tariff

A tax imposed on imported goods to protect domestic industries from foreign competition by making imported goods more expensive.

Free Trade

A trade policy that minimizes restrictions on imports and exports between countries, promoting global economic integration.