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Which of the Following Is True of a Service-Based Economy

Question 60

Multiple Choice

Which of the following is true of a service-based economy?


A) A service-based economy tends to the consumers' demand for clothes cleaning, floor covering, illumination, entertainment, and so forth.
B) A service-based economy interprets consumer demand as a demand for washing machines, carpets, lights, consumer electronics, and so forth.
C) A service-based economy weakens the production efficiencies.
D) A service-based economy increases material and energy costs significantly.

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