Question 1

Chandler (1994)maintains that domestic labor productivity has a tendency to dip with

Accepted Answer

A)  a decrease in the variety and number of new goods and services. 
B)  flat consumer demand. 
C)  increased foreign competition. 
D)  all of the above. 
A)  a decrease in the variety and number of new goods and services. 
B)  flat consumer demand. 
C)  increased foreign competition. 
D)  all of the above.

Question 2

Increased specialization in the computer industry is evidenced by

Accepted Answer

A)  the types of government policies implemented to aid the computer industry. 
B)  the growth of the software industry. 
C)  the growth of the manufacturing industry. 
D)  the growth of agriculture. 
A)  the types of government policies implemented to aid the computer industry. 
B)  the growth of the software industry. 
C)  the growth of the manufacturing industry. 
D)  the growth of agriculture.

Question 3

From the late 1970s to the late 1980s,Hall (1994)finds that leverage buyouts most commonly take place among firms

Accepted Answer

A)  in the volatile tech industry. 
B)  facing steep global competition. 
C)  that are unstable. 
D)  like those mentioned in all of the above. 
A)  in the volatile tech industry. 
B)  facing steep global competition. 
C)  that are unstable. 
D)  like those mentioned in all of the above.

Question 4

Chandler (1994)credits IBM's dominance in the world computer market to

Accepted Answer

A)  advancements in technology. 
B)  investments in research and development. 
C)  solid management and sophisticated marketing. 
D)  all of the above. 
A)  advancements in technology. 
B)  investments in research and development. 
C)  solid management and sophisticated marketing. 
D)  all of the above.

Question 5

Describe the "productivity crisis" of the 1970s and identify the sources of this crisis.Reference Chandler's (1994)work.Discuss how Darby (1984)addresses the crisis issue.

Accepted Answer

The productivity crisis of the 1970s ref

Question 6

In 2002 the steel industry successfully lobbied Congress to impose a tariff of 8 to 30 percent on foreign steel.Which of the following is an unintended consequence of this tariff?

Accepted Answer

A)  U.S. steel firms were protected from the price cutting efforts of foreign competitors benefiting from governmental support in their countries. 
B)  U.S. steel firms could charge higher steel prices in order to boost profits. 
C)  Many steel-using firms in the U.S. went out of business and about 200,000 workers lost their jobs to higher steel prices. 
D)  American steel workers kept their jobs. 
A)  U.S. steel firms were protected from the price cutting efforts of foreign competitors benefiting from governmental support in their countries. 
B)  U.S. steel firms could charge higher steel prices in order to boost profits. 
C)  Many steel-using firms in the U.S. went out of business and about 200,000 workers lost their jobs to higher steel prices. 
D)  American steel workers kept their jobs.

Question 7

The U.S.has remained the world's leader in the computer industry since the 1950s.Do you think it faces the same fate as the U.S.steel and automobile industries? Explain your answer.

Accepted Answer

There are certainly factors that suggest

Question 8

According to Kuznets (1954),competition will

Accepted Answer

A)  unfairly destroy leading industries and impede overall economic growth across industries. 
B)  require government intervention. 
C)  push efficient industries into leadership roles and pull the backward and forward industrial links to these leaders with them. 
D)  contract consumer market opportunities. 
A)  unfairly destroy leading industries and impede overall economic growth across industries. 
B)  require government intervention. 
C)  push efficient industries into leadership roles and pull the backward and forward industrial links to these leaders with them. 
D)  contract consumer market opportunities.

Question 9

Low-wage manufacturing industries exhibit which of the following?

Accepted Answer

A)  Low output per worker 
B)  Added value that rises above labor's share of total employment 
C)  Highly educated and skilled workers 
D)  All of the above 
A)  Low output per worker 
B)  Added value that rises above labor's share of total employment 
C)  Highly educated and skilled workers 
D)  All of the above

Question 10

The decline of output of other domestic auto producers besides Ford,General Motors and Chrysler occurred in the presence,even before 1970,of rising sales of imported cars in the U.S.market.

Accepted Answer

A) True 
 B)False

Question 11

Stagflation at the end of the 1970s was marked by increasing inflation and unemployment.

Accepted Answer

A) True 
 B)False

Question 12

In absolute terms and relative to other countries,what happened to U.S.growth rates in productivity as measured by output per paid hour in the late 1960s and 1970s?

Accepted Answer

A)  They increased. 
B)  They stayed the same. 
C)  They fell. 
D)  They fell early on and then increased past their previous levels. 
A)  They increased. 
B)  They stayed the same. 
C)  They fell. 
D)  They fell early on and then increased past their previous levels.

Question 13

The overall productivity crisis of the 1970s can be attributed,in part,to insufficient investment in research and development.

Accepted Answer

A) True 
 B)False

Question 14

Between 1967 and 1999,the industrial structure of the U.S.experienced which of the following changes?

Accepted Answer

A)  The industries experiencing slow or negative growth-primary metals, transportation, mining and steel-sought protection from competition from the federal government. 
B)  All major nondurable sectors experienced growth. 
C)  Machinery and electronics experienced rapid growth. 
D)  All of the above. 
A)  The industries experiencing slow or negative growth-primary metals, transportation, mining and steel-sought protection from competition from the federal government. 
B)  All major nondurable sectors experienced growth. 
C)  Machinery and electronics experienced rapid growth. 
D)  All of the above.

Question 15

Discuss the demise of the steel industry from the economic historian's perspective.

Accepted Answer

The demise of the steel industry is a co

Question 16

From the economic historian's perspective,discuss the changes in the automobile industries between 1945 and 2000.What was the role of these changes in the macro-economy of the U.S.? Do you agree or disagree with government intervention in these industries? Use economic reasoning to support your answer.

Accepted Answer

From 1945 to 2000, the automobile indust

Question 17

Discuss the economic history behind the U.S.semiconductor industry.Highlight the role of foreign competition.

Accepted Answer

The U.S. semiconductor industry has a ri

Question 18

The market for U.S.cars was impacted significantly by consumers' options to buy which of the following?

Accepted Answer

A)  Used cars 
B)  New cars produced by U.S. producers 
C)  New cars produced by foreign producers 
D)  All of the above 
A)  Used cars 
B)  New cars produced by U.S. producers 
C)  New cars produced by foreign producers 
D)  All of the above

Question 19

The evidence shows that both the U.S.steel and auto industries seem to have lost their vigor for growth and competitive edges in the global marketplace.

Accepted Answer

A) True 
 B)False

Question 20

In the 1970s,the largest steelmakers were slow or failed to adopt quickly the latest technology: oxygen furnaces.Some researchers blame

Accepted Answer

A)  the federal government for its enterprise-crippling policies, subsidies and ?import restrictions. 
B)  unions for their low productivity efforts and high wage demands. 
C)  management for not keeping abreast of global changes in the marketplace. 
D)  all of the above. 
A)  the federal government for its enterprise-crippling policies, subsidies and ?import restrictions. 
B)  unions for their low productivity efforts and high wage demands. 
C)  management for not keeping abreast of global changes in the marketplace. 
D)  all of the above.

Exam 29: Postwar Industry and Agriculture

Chandler (1994)maintains that domestic labor productivity has a tendency to dip with

Increased specialization in the computer industry is evidenced by

From the late 1970s to the late 1980s,Hall (1994)finds that leverage buyouts most commonly take place among firms

Chandler (1994)credits IBM's dominance in the world computer market to

Describe the "productivity crisis" of the 1970s and identify the sources of this crisis.Reference Chandler's (1994)work.Discuss how Darby (1984)addresses the crisis issue.

In 2002 the steel industry successfully lobbied Congress to impose a tariff of 8 to 30 percent on foreign steel.Which of the following is an unintended consequence of this tariff?

The U.S.has remained the world's leader in the computer industry since the 1950s.Do you think it faces the same fate as the U.S.steel and automobile industries? Explain your answer.

According to Kuznets (1954),competition will

Low-wage manufacturing industries exhibit which of the following?

The decline of output of other domestic auto producers besides Ford,General Motors and Chrysler occurred in the presence,even before 1970,of rising sales of imported cars in the U.S.market.

Stagflation at the end of the 1970s was marked by increasing inflation and unemployment.

In absolute terms and relative to other countries,what happened to U.S.growth rates in productivity as measured by output per paid hour in the late 1960s and 1970s?

The overall productivity crisis of the 1970s can be attributed,in part,to insufficient investment in research and development.

Between 1967 and 1999,the industrial structure of the U.S.experienced which of the following changes?

Discuss the demise of the steel industry from the economic historian's perspective.

Discuss the economic history behind the U.S.semiconductor industry.Highlight the role of foreign competition.

The market for U.S.cars was impacted significantly by consumers' options to buy which of the following?

The evidence shows that both the U.S.steel and auto industries seem to have lost their vigor for growth and competitive edges in the global marketplace.

In the 1970s,the largest steelmakers were slow or failed to adopt quickly the latest technology: oxygen furnaces.Some researchers blame

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