Asked by Caitlyn Lloyd on Jul 07, 2024
Verified
Which of the following was one of the effects of the high-tech industry on the American economy in the 1990s?
A) It caused an overall loss of jobs.
B) It generated improved productivity.
C) It caused a significant rise in the cost of electricity.
D) It fostered a revitalization of heavy industry in the Northeast.
High-Tech Industry
Industries involved in producing advanced technological goods and services, including computing, telecommunications, and biotechnology, among others.
- Investigate the effects of monetary policies and technological breakthroughs on the economic environment of America in the nineties.
Verified Answer
JJ
Julio JassoJul 08, 2024
Final Answer :
B
Explanation :
The high-tech industry in the 1990s brought about advancements in technology and software, which led to improved productivity in various industries. This ultimately had a positive impact on the American economy.
Learning Objectives
- Investigate the effects of monetary policies and technological breakthroughs on the economic environment of America in the nineties.