What Occurs in the Second Stage of Economic Development

question 224

Multiple Choice

What occurs in the second stage of economic development?

• A) Most of the labor force works in agriculture.
• B) The service sector comes to the forefront.
• C) The manufacturing sector declines in importance.
• D) Manufacturing gains in importance and employs a large portion of the labor force.

---

Definitions:

Spending Variance

The difference between the budgeted amount for spending and the actual amount spent.

Supplies Cost

The total expense incurred for supplies used during a specific period, encompassing raw materials or office supplies depending on the business context.

Frames

Structural components designed to support and shape the construction or overall form of an object, often used in contexts like glasses, building construction, or vehicle design.

Vehicle Operating Cost

Expenses associated with the usage and maintenance of a vehicle, including fuel, repairs, insurance, and depreciation.