Industries That Are Extremely Sensitive to the Business Cycle Are

question 28

Multiple Choice

Industries that are extremely sensitive to the business cycle are the

• A)durable goods and service sectors.
• B)nondurable goods and service sectors.
• C)capital goods and nondurable goods sectors.
• D)capital goods and durable goods sectors.

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Definitions:

Scientific Research

The systematic investigation and study of materials, sources, etc., to establish facts and reach new conclusions.

National Economy

The economic activities and performance of a nation, encompassing its gross domestic product, employment rates, and the balance of imports and exports.

Uncontrolled Population Growth

This refers to the rapid increase in the number of individuals in a population, often due to lack of access to contraceptives, education on family planning, or policies limiting the number of children per family, leading to potential overpopulation issues.

Destruction of the Environment

Refers to the damage inflicted on natural ecosystems by human activities, leading to loss of biodiversity, pollution, and climate change.