In the US Economy, Which of the Following Statements Is True

question 73

Multiple Choice

In the U.S. economy, which of the following statements is true?

• A) The economy is too complex to determine the proportion of production that is devoted to producing services.
• B) More goods are produced than services.
• C) More services are produced than goods.
• D) Production is divided evenly between goods and services.

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Definitions:

Particular Entity

A specific thing or being, especially one that is distinct among other similar entities.

Foreign Key

A field (or group of fields) in one table that uniquely identifies a row (or record) of another table.

Class Table: PID

A data table in a database or information system that organizes information based on a primary identification key, often found in object-oriented programming and database management.

Attribute

A quality or characteristic given to a person, group, or some other thing.