Which of the following statements is FALSE? Multiple ChoiceThe presence of a few dominant companies in an industry makes it more difficult for entrepreneurs to start a business in that sector. Around the world, consumers are showing a robust appetite for the sharing-based economy. Most Americans use their mobile devices for getting directions or listening to music rather than making purchases. The United States was the most competitive economy in 2017.

Question

Business

Sara Gomez

8 December, 00:47

Which of the following statements is FALSE? Multiple ChoiceThe presence of a few dominant companies in an industry makes it more difficult for entrepreneurs to start a business in that sector. Around the world, consumers are showing a robust appetite for the sharing-based economy. Most Americans use their mobile devices for getting directions or listening to music rather than making purchases. The United States was the most competitive economy in 2017.

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Answers (1)

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Junior Burke · Answer 1

The United States was the most competitive economy in 2017.

Explanation:

According to the World Economic Forum, during 2017, the US had the second most competitive economy in the world, Switzerland was number 1. The US did rise to the number 1 seat in 2018, but if fell again to the number 2 seat in 2019 when Singapore became the most competitive economy.