All of the following contributed to the evolution of the service economy in America EXCEPT Multiple Choice an increase in disposable income. more women entering the workforce. the desire of women to be stay-at-home-moms. an increase in the standard of living. major shifts in the population Before the Industrial Revolution, the economy of North America under the colonists was characterized by Multiple Choice a scarcity of natural resources. O farming, and the production of agricultural goods. a hunter/gatherer society. the export of manufactured goods to England. dependence on England for everyday goods. What is useful in fighting inflation? Multiple Choice O raising interest rates buying security lowering the reserve rate of funds banks must hold in reserve decreasing the interest rate on loans to member banks Increasing the money supply All of the following are true of entrepreneurs EXCEPT Multiple Choice many of the companies started by early entrepreneurs still operate today many of the companies started by early entrepreneurs have failed to stay in operation entrepreneurs constantly change American business practices with new technology and innovative management techniques a free-enterprise system provides the conditions necessary for entrepreneurs to succeed. In the past, entrepreneurs were inventors who brought all the factors of production together to produce a new product