Asked by Cydni Walters on Jul 17, 2024
Verified
Which of the following slowed the rate of economic growth in the United States in the 1970s?
A) Pollution regulations and requiring pollution reduction
B) Health and safety regulations
C) Rising energy costs
D) All of the choices slowed the rate of economic growth in the U.S.in the 1970s.
Economic Growth
An increase in the production of goods and services in an economy over a period, typically measured as a percentage increase in real gross domestic product (GDP).
Pollution Regulations
Laws and rules established to control or reduce harmful emissions and waste to protect the environment and public health.
Energy Costs
The expenses associated with the consumption of energy, affecting both consumers and industries in terms of heating, electricity, and fuel.
- Gain insight into the impediments and factors contributing to the economic development and productivity enhancement in the U.S. from the 1970s onwards.
Verified Answer
YL
Yunying LiangJul 24, 2024
Final Answer :
D
Explanation :
All of the choices slowed the rate of economic growth in the U.S. in the 1970s. Pollution regulations and requirements for pollution reduction increased costs for businesses, while health and safety regulations increased the cost of production. Rising energy costs also made it more expensive for businesses to operate and limited consumer spending power. These factors combined to slow down the rate of economic growth in the United States during this decade.
Learning Objectives
- Gain insight into the impediments and factors contributing to the economic development and productivity enhancement in the U.S. from the 1970s onwards.