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Which of the following is the reason behind the slow growth in U.S. incomes during the 1970s and 1980s?

a. Minimum-wage laws were not in place to protect the livelihoods of workers.
b. Labor unions were relatively weak.
c. The United States experienced an increase in competition from abroad.
d. There was a slowdown in productivity growth.

What can the government do to boost living standards? Check all that apply.

a. Improve education and expand literacy among its citizens to ensure workers are well educated
b. Encourage research and development to ensure workers have access to the best available technology
c. Impose trade restrictions to reduce competition from abroad

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Answer:

Q1.

Correct answer is (d) There was a slowdown in productivity growth.

Q2.

Government can boost living standards by "a and b"

a. Improve education and expand literacy among its citizens to ensure workers are well educated

b. Encourage research and development to ensure workers have access to the best available technology

Explanation:

Q1.

Within this period (1970s and 1980s) the U.S experienced low production output in pipelines, auto repair, oil and gas extraction. Manufacturing industries were highly affected by energy problem and this in turn affect the gross productivity output of nation.

Q2.

Government can boost standards

of living of the citizen by improving their educational standard and ensuring that education precede research work in other to create conducive working environment for worker.

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