According to the Cost Disease of the Personal Services, Service

question 99

Multiple Choice

According to the cost disease of the personal services, service activities that require direct personal contact

• A)tend to fall in price relative to other goods and services.
• B)tend to rise in price relative to other goods and services.
• C)follow price patterns similar to other goods and services.
• D)tend to move up and down in price ignoring the rest of the market.

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Definitions:

18th-century Economist

A scholar or expert in economics who lived and worked during the 1700s, contributing to the development of economic theories or principles.