Which of the Following Is Not Classified as a Service

question 82

Multiple Choice

Which of the following is not classified as a service in the current account?

• A)Transportation
• B)Insurance
• C)Tourist expenditures
• D)Computer software development
• E)Unilateral transfers

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Definitions:

Pollution Regulations

Laws and rules established to control or reduce harmful emissions and waste to protect the environment and public health.

Energy Costs

The expenses associated with the consumption of energy, affecting both consumers and industries in terms of heating, electricity, and fuel.

Industrial Revolution

A period of major industrialization that took place during the late 1700s and early 1800s, transforming agricultural societies into more industrialized ones.

Mass Consumption

A phenomenon wherein a large number of people purchase significant quantities of goods and services, often associated with a high standard of living.