If a firm is achieving economic efficiency it must also be achieving technological efficiency

The true cost of borrowing is the nominal interest rate

Indicate whether the statement is true or false

As the U.S. economy relies more and more heavily on the production of services rather than goods,

A. Mass unemployment will result. B. GDP will decrease since there will be less real production. C. Nearly all future job growth will be in service-producing industries. D. International trade will become more difficult.