Question

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.

Answer 1

The United States was the most competitive economy in 2017.

Step-by-step 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.