True or false ____ 1. Service sector outputs could be expected to increase in pr

ID: 1094686 • Letter: T

Question

True or false

____ 1. Service sector outputs could be expected to increase in price less than industrial sector outputs as an economy grows.

____ 2. Labor productivity rises as the amount of capital available to workers increases.

____ 3. A superior level of technology is an important reason the productivity of workers in rich countries is high.

____ 4. A nation's capital consists mainly of stocks, bonds, and other financial assets.

____ 5. Because it is a market economy, in the United States all research and development is done by private business firms.

True True True True False

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