Which of the following statements is FALSE?
A) When it comes to overall productive efficiency, compared to Japan, Germany and the rest of the European Union, the United States lags far behind.
B) Sophisticated financial systems have given U.S. productive efficiency a boost.
C) The United States' international competitive position has been helped by its long history of widespread entrepreneurship.
D) Economic restructuring and investments in information technology have added to productive efficiency in the United States.

Question

Quizplus · Accepted Answer

The statement that the United States lags far behind Japan, Germany, and the rest of the European Union in overall productive efficiency is false. In fact, the United States ranks quite high in terms of productivity compared to these countries.

Which of the Following Statements Is FALSE