Which industry became especially important to the U.S. economy through the growth of software, semiconductors, and digital platforms?
Show answer and explanation
Correct answer: The technology industry
The technology industry became central to modern U.S. economic growth. Software, semiconductors, computers, and digital platforms reshaped business, communication, entertainment, and finance.
Practice all 20 Globalisation, Economy and Technology questions
Keep practicing
More Globalisation, Economy and Technology questions
- What was a major effect of the rise of e-commerce in the United States?
- Which term describes the economic gap between people with reliable access to modern digital technology and those without it?
- How did the Cold War contribute to technological development in the United States?
- Which development was a major result of the 1960s space race for the U.S. economy and technology?
- What role did venture capital play in the growth of Silicon Valley?
- Which statement best describes the effect of globalization on U.S. labor unions in many manufacturing sectors?