Which of the Following Statements Is True of the Service

question 28

Multiple Choice

Which of the following statements is true of the service sector of the economy?​

• A)​It includes the production of basic materials as well as the production of finished products.
• B)It includes transportation, financial services, insurance, and retail sales.​
• C)It provides essential infrastructure to all other sectors.​
• D)It is important to collective well-being because it meets needs that are not addressed by other sectors.​

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Definitions:

Urbanization

The process by which towns and cities are formed and become larger as more people begin living and working in central areas.

European City

Refers to urban centers located within the continent of Europe, characterized by historical architecture, cultural heritage, and modern urban living.

New York

A state in the northeastern U.S., known for its cultural, financial, and commercial importance, particularly in its largest city, New York City.

Immigrants

Individuals who move from one country to another with the intention of settling or residing there.