Which of the Following Factors Was Largely Responsible for the Fact

question 136

Multiple Choice

Which of the following factors was largely responsible for the fact that the entire U.S.economy did not mirror declines in the manufacturing sector during the 1970s?

• A) Automation of factories
• B) Growth of the service sector
• C) Improved foreign trade balances
• D) Reduction of long-term interest rates
• E) Low levels of unemployment

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Definitions:

Market Research

The action or activity of gathering information about consumers' needs and preferences to support business decisions.

Prime Vacant Land

Land in a highly coveted location that is undeveloped and offers great potential for investment, construction, or development due to its desirable characteristics.

Enforceable Contract

A legal agreement between parties that is valid under the law and therefore can be upheld in a court of law.

Legal Consideration

Legal consideration involves something of value that is exchanged between parties in a contract, making the agreement legally enforceable.