ndicate which of the following is an explanation for the productivity slowdown of 1974-1995. A. A shift from a goods-based economy to a service-based economy B. Deterioration of the U. S. educational system C. Premature obsolescence of capital due to high energy prices D. All of the above

Question

Social Studies

Carmelo Frey

16 April, 05:57

ndicate which of the following is an explanation for the productivity slowdown of 1974-1995. A. A shift from a goods-based economy to a service-based economy B. Deterioration of the U. S. educational system C. Premature obsolescence of capital due to high energy prices D. All of the above

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Elle Liu · Answer 1

- D. All of the above

Explanation:

- As the country shifted from good-based economy to service-based economy, the market need a little bit of time to adjust. People start to re-structure the way they operate their business to accommodate the new demands in the market. This transitional period caused the productivity slowdown.

- Deterioration of the U. S educational system lead to less amount of high skilled workers in United States. This make the company's unable to hire enough employees with high productivity.

- High energy prices caused many companies unable to fulfill their production quota as usual (since machines require energy fuel to be operated). This cause a decrease in the country's GDP and productivity.