Consider an Economy in Which Existing Capital Is Being Used

question 62

Multiple Choice

Consider an economy in which existing capital is being used intensively,shortages in labour and goods markets are developing,and costs are rising.Which of the following terms best describes this stage of the business cycle?

• A)trough
• B)recovery
• C)boom
• D)recession
• E)slump

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Definitions:

Small Businesses

Enterprises characterized by having a small number of employees, low volume of sales, and relatively limited market influence.

Out of Business

signifies a status where a company ceases operations, often due to financial problems or inability to sustain its business model.

Unpaid Bills

Liabilities or debts that have been invoiced but not yet settled or paid.

Common Stumbling Blocks

Frequent obstacles or problems that hinder progress in a process or project.