The productivity rose rapidly between 1950 and 2000 through use of carbon-based energy and the lighting of factories (allowing for 24/7/365 operations), and this
A. was entirely countered by an opposite trend among men so growth, was slow.
B. was more than countered by an opposite trend among men so growth, was negative.
C. should have been a source of growth but wasn't.
D. was a significant source of economic growth during that period.
Answer: D
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Assume that Japan and the United States are engaged in a system of flexible exchange rates. One US dollar will purchase how many Japanese Yen?
Refer to Figure 7.1. Start from initial equilibrium. If firms increase their capital stock, the new real wage could be ________ and the new amount of labor employed could be ________
A) X; A B) Z; A C) X; C D) Z; C
If the exchange rate falls, then the expected profit from holding the currency
A) does not change. B) increases. C) decreases. D) can either increase or decrease.
How is the Agreement on Textiles and Clothing impacting trade today?
What will be an ideal response?