How Has the Increasing Importance of the U

question 72

Multiple Choice

How has the increasing importance of the U.S.service sector contributed to the slowdown in economic growth?

• A)Services are less important to the economy than goods
• B)The productivity of the service sector is hard to accurately measure
• C)Most investment takes place in the goods producing sector of the economy
• D)Services cannot be easily exported to foreign nations
• E)Technological advances have had a smaller impact on the service sector

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Definitions:

Consideration

In contract law, it is something of value exchanged between parties as part of an agreement, serving as the reason or inducement to enter into the contract.

Legally Sufficient

A term indicating that an act, document, or process meets all necessary legal requirements and standards.

Legally Sufficient

A term indicating that an element of a contract or transaction meets the necessary legal standards to be upheld in court.

Objectively Worthy

A term used to describe something that is considered to have value or merit based on unbiased criteria or standards.