In the U.S. economy, which of the following statements is TRUE?
A) More goods are produced than services.
B) More services are produced than goods.
C) Production is divided evenly between goods and services.
D) The economy is too complex to determine the proportion of production that is devoted to producing services.
B
Economics
You might also like to view...
Policies based on positive economic ideas tend to decrease economic efficiency and reduce equity
Indicate whether the statement is true or false
Economics
The Taylor rule is consistent with the Fed's dual mandate of
A) stable exchange rates and price stability. B) price stability and maximum sustainable employment. C) financial market stability and stable exchange rates. D) maximum sustainable employment and financial market stability.
Economics