"The industry mix of national output has changed from manufacturing to services." This fact is most consistent with the:
A)managerial-opposition hypothesis
B)union-growth hypothesis
C)structural-change hypothesis
D)substitution hypothesis

Question

Quizplus · Accepted Answer

The structural-change hypothesis suggests that changes in the economy, such as technological advancements, globalization, and shifts in consumer demand, lead to changes in the industry mix of national output. The fact that there has been a shift from manufacturing to services is consistent with this hypothesis. The other options are not relevant to this specific fact.

"The Industry Mix of National Output Has Changed from Manufacturing