The Service Sector Has Increased ____ Times as Fast as the Manufacturing

question 113

Multiple Choice

The service sector has increased ____ times as fast as the manufacturing sector in the North American economy.

• A) 3
• B) 5
• C) 7
• D) 9
• E) 11

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Definitions:

High Quality

Reflecting a high level of excellence or superior standard in terms of durability, performance, or accuracy.

Low Quality

Describes products or services that do not meet the standard performance expectations or durability.

Equilibrium

A state in a market system where supply equals demand, and no economic forces are acting to change the price or quantity.

Lemons

Beyond its botanical context, refers to goods of subpar quality, particularly used in the context of the used-car market to describe vehicles with defects.