Which two things happened more or less simultaneously to bring an end to the era

ID: 1124237 • Letter: W

Question

Which two things happened more or less simultaneously to bring an end to the era of low productivity growth that lasted from 1973 to 1995?

The information revolution and the creation of the Environmental Protection Agency.

The entry of the baby boom generation into the workforce and a great expansion of globalization.

The information revolution and a great expansion of globalization.

The entry of the baby boom generation into the workforce and the creation of the Environmental Protection Agency.

Without economic growth,

we would have a zero-sum economy.

we would have a non-zero-sum economy.

standards of living would rise only as the population increased.

the production possibility curve would shift outward.

1> The entry of the baby boom generation into the workforce and a great expansion of globalization.

Reason

Baby boomer population are skilled and share a good amount of population. They increased labor force and globalization played a pivotal role.

2> we would have a zero-sum economy.

Reason

It is zero-sum because gain in one industry will be nullified by lossed in another industry.

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