Final answer:
The truth of the statement about the hours a licensed establishment can sell and serve alcohol depends on regional laws. Historical precedent shows that laws around alcohol have varied widely, from total prohibition to specific hours of sale. Given hours might be accurate for some locales, but they are not universally applicable.
Step-by-step explanation:
Whether the statement about the hours during which a licensed establishment can sell and serve alcohol is true or false largely depends on the specific laws and regulations of the region or country in question. In many countries, including those in the Middle East where Islam is the official religion, the public consumption or sale of alcohol is illegal, which eliminates the existence of pubs and nightclubs. On the contrary, historical examples such as the prohibition era in the United States, which lasted from 1919 until its repeal in 1933, show that alcohol laws can change significantly over time and are culturally specific.
In the context of the U.S., the given hours might be accurate for some states, but this is not universal. Licensing hours are set by state or local laws, and they can vary widely. Moreover, special occasions such as New Year's Eve often have exceptions. Therefore, without specifying a location, it is not possible to definitively say whether the statement is true or false, but it does reflect common practice in many parts of the U.S.