Which of the Following Statements Is Correct

question 622

Multiple Choice

Which of the following statements is correct?

• A) The United States produces an equal amount of goods and services.
• B) The United States produces more goods than services.
• C) The United States produces more services than goods.
• D) The percentage of people producing goods in the United States has steadily increased over the last 60 years.

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Definitions:

Management Challenges

Refers to various difficulties and obstacles managers face, including motivating employees, resolving conflicts, and making effective decisions.

Small Businesses

Enterprises characterized by a smaller number of employees and revenue, playing a crucial role in the economy and offering personalized services or products.

Sole Proprietorship

A business structure where a single individual owns, manages, and is responsible for all aspects of the business, including debts and liabilities.

Disadvantages

The negative aspects or drawbacks associated with a situation, decision, or action that may affect desired outcomes negatively.