The North American Industry Classification System (NAICS)classifies _____ to Include

question 67

Multiple Choice

The North American Industry Classification System (NAICS) classifies _____ to include all nonmanufacturing organizations except such industries as agriculture,mining,and construction.

• A)emerging markets
• B)service organizations
• C)marginal industries
• D)value-added industries

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Definitions:

Marginal Cost

The additional cost incurred by producing one more unit of a product, which can vary depending on the level of production.

Pareto Efficient

A distribution of resources where improving the situation of one person cannot be achieved without detriment to another.

Net Benefit

The total positive effects or outcomes of a decision or action minus its total negative effects or costs.

Labor Supply Decisions

The choices individuals make regarding how much labor to supply to the market, influenced by factors such as wages, working conditions, and personal preferences.