The Distribution of Income in Services Is Practically the Same

question 13

Multiple Choice

The distribution of income in services is practically the same as that in manufacturing.On some measures of job quality,such as job security,service jobs are on average better than manufacturing jobs.Thus,the decline of the manufacturing sector and the rise of the service sector:

• A)do not imply a downward slide of the entire labor force
• B)imply a downward slide of the entire labor force
• C)illustrate that not all work is physically demanding
• D)all of these choices
• E)none of these choices

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Definitions:

Equipment

Equipment consists of the tools, machinery, and other durable assets used in the production of goods or services.

Intangible Benefits

Non-quantifiable advantages provided by goods or services, such as brand reputation or employee satisfaction.

Discount Rate

The rate used within discounted cash flow assessments to ascertain the present-day value of anticipated cash flows.

Net Present Value

A calculation that determines the value of a series of future cash flows in today's dollars, taking into account the time value of money.