A conference held in 2000 to discuss the impact of the Internet on various sectors of the U.S.economy concluded that it could increase productivity growth by

Question

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The conference concluded that the impact of the internet could increase productivity growth by increasing consumer choice, convenience, and satisfaction. This is because the internet allows for easier access to a wider range of goods and services, which can lead to increased competition and improved efficiency in the marketplace. Additionally, the internet can also increase convenience for consumers, which can save time and reduce transaction costs, ultimately leading to increased productivity growth. None of the other options presented (elevating costs, decreasing management efficiency, decreasing competition) are supported by the findings of the conference.

A Conference Held in 2000 to Discuss the Impact of the Internet