Which of the Following Statements About Productivity in the Service

question 301

Multiple Choice

Which of the following statements about productivity in the service sector of the U.S. economy is most accurate?

• A) Productivity in the service sector has increased much more rapidly than productivity in the manufacturing sector.
• B) Improving productivity in the service sector is much less important than improving productivity in the manufacturing sector, because the service sector does not really produce anything.
• C) Productivity in the service sector is easier to measure than productivity in agriculture.
• D) Measures of productivity in the service sector do a poor job of taking quality improvements into account.

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Definitions:

Consumer Information

Details or data about products and services designed to assist individuals in making informed purchasing decisions.

False Pretenses

Instances where an individual deliberately and falsely represents facts to deceive others, often for personal gain.

Fair Credit Billing Act

A U.S. federal law designed to protect consumers from unfair billing practices and to provide a mechanism for addressing billing errors on credit accounts.

Disputed Amount

The portion of a bill or invoice that is not agreed upon by the parties involved, leading to a potential conflict or claim.