The primary area of growth in the modern U.S. economy is
a. the manufacturing sector.
b. the agricultural sector.
c. the service sector.
d. the market for U.S. exports.
c. the service sector.
Economics
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Assumptions for economic theories and models should be
A) rejected if they are not totally realistic. B) logical rather than empirically testable. C) simple and reasonable rather than complex. D) maintained until overwhelming evidence to the contrary occurs.
Economics
The real interest rate is
A. The inflation rate minus the percentage increase in average wages. B. The sum of inflation rates and unemployment rates. C. The nominal interest rate minus the anticipated rate of inflation. D. The difference between the prime rate and the rate charged by the government (the Federal Reserve) on loans.
Economics