Yet another explanation blames the federal budget

Info icon This preview shows pages 17–19. Sign up to view the full content.

View Full Document Right Arrow Icon
Yet another explanation blames the federal budget deficit: if it were lower, interest rates would be lower (60) too, thereby increasing investment in the development of new technol- ogies, which would spur productivity growth in the service sector. There is, however, no dearth of techno- (65) logical resources; rather, managers in the service sector fail to take advantage of widely available skills and machines. High productivity growth levels attained by leading- (70) edge service companies indicate that service-sector managers who wisely implement available technology and choose skillful workers can significantly improve (75) their companies’ productivity. The culprits for service-sector productivity stagnation are the forces—such as corporate takeovers and unnecessary (80) governmental regulation—that distract managers from the task of making optimal use of available resources. -------------------------------------------------------------------------------- Q33: Which of the following, if true, would most weaken the budget-deficit explanation for the discrepancy mentioned in line 27? 31
Image of page 17

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
A. Research shows that the federal budget deficit has traditionally caused service companies to invest less money in research and development of new technologies. B. New technologies have been shown to play a significant role in companies that have been able to increase their service productivity. C. In both the service sector and manufacturing, productivity improvements are concentrated in gains in quality. D. The service sector typically requires larger investments in new technology in order to maintain productivity growth than dose manufacturing. E. High interest rates tend to slow the growth of manufacturing productivity as much as they slow the growth of service-sector productivity in the United States. Answer: -------------------------------------------------------------------------------- Q34: The passage states which of the following about the effect of foreign competition on the American manufacturing sector since the 1970’s? -------------------------------------------------------------------------------- Q35: It can be inferred from the passage that which of the following was true of the United States manufacturing sector in the years immediately prior to 1980? --------------------------------------------------------------------------------
Image of page 18
Image of page 19
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern