The productivity growth slowdown of the late 1970s and early 1980s may have been due, in part, to environmental and workplace safety regulations.

Question

Quizplus · Accepted Answer

Environmental and workplace safety regulations can increase compliance costs for businesses, which may affect their productivity. Additionally, these regulations may require companies to invest in new technologies and processes, which can also temporarily reduce productivity. Therefore, it is possible that these regulations contributed to the productivity growth slowdown during that time period.

The Productivity Growth Slowdown of the Late 1970s and Early