Service Sector Outputs Could Be Expected to Increase in Price

question 112

True/False

Service sector outputs could be expected to increase in price less than industrial sector outputs as an economy grows.

---

Definitions:

Collectivism

A cultural or political perspective valuing the goals of the group or community over the goals of the individual.

Extended Family

A family group that extends beyond the nuclear family, including grandparents, aunts, uncles, and cousins.

Culture Shock

A feeling of disorientation, uncertainty, or anxiety that often occurs when experiencing a new and unfamiliar culture.

Distinctive Personality

A unique combination of emotional, thought, and behavioral patterns that define an individual's personal style and influences their interactions with the environment.