Which of the following statements is FALSE?
A) The industry classification is narrower than the sector classification.
B) An individual firm may operate in several industries at the same time.
C) The industry classification is the narrowest classification possible for viewing data about firms.
D) Over the years, the relative importance of some of the producing sectors in the economy has changed.
Correct Answer:
Verified
Q1: Of the classification systems listed below for
Q2: Producing sectors are:
A) groupings of firms by
Q3: A producing sector classification for grouping goods,
Q5: Each of the following would be in
Q6: Which of the following is NOT a
Q7: Over most of the twentieth century, the
Q8: In 1989, the dominant producing sector in
Q9: In terms of the amount of output
Q10: Firms are grouped into the same industry
Q11: Industries are groups of firms that:
A) buy
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