Many economists studying the productivity-growth patterns in the U.S. believe that in the period 1995-2010, the productivity of labor in the nation
A) beneﬁted from a signiﬁcant wave of technological advance, coupled with global competition.
B) suffered severely from global competition and outsourcing.
C) was not much affected by external and technological forces, continuing on at a steady rate as before.
D) weakened from the rising economic powers of other nations like China and India.

Question

Quizplus · Accepted Answer

Many studies have shown that the period between 1995 and 2010 in the U.S. was marked by a significant wave of technological advancement, which boosted productivity growth. This period also saw increasing global competition, which spurred companies to become more efficient and productive. Combined, these factors contributed to the increased productivity of labor in the U.S. during this time.

Many Economists Studying the Productivity-Growth Patterns in the U