Countries That Shift from a Manufacturing-Oriented Economy to a Service-Oriented

question 31

Multiple Choice

Countries that shift from a manufacturing-oriented economy to a service-oriented economy sometimes see their productivity growth decline over time.This phenomenon is called:

• A)​Service Shrink
• B)​Deming's Decline
• C)​State Utility
• D)​Baumol's Disease

---

Definitions:

Depreciation Life

The estimated period over which a fixed asset is expected to be usable, affecting its depreciation calculation for accounting purposes.

Use of Cash

Refers to the ways in which a company or individual utilizes available cash resources.

Accounts Receivable

Money owed to a company by its clients or customers for goods or services delivered but not yet paid for.