Which of the Following Goods Will Least Likely Suffer a Decline

question 200

Multiple Choice

Which of the following goods will least likely suffer a decline in demand during a recession?

• A) dinner at a nice restaurant
• B) iPods
• C) toothpaste
• D) plasma screen and LCD TVs

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Definitions:

Limited Partnership

A business structure where one or more general partners manage the company and are liable for its debts, while the limited partners have limited liability and do not manage the company.

Management Responsibilities

The duties and tasks associated with directing and controlling an organization or one of its units, including planning, organizing, leading, and controlling.

Invest

The act of allocating resources, usually money, with the expectation of generating an income or profit.

Double Taxation

A situation where the same income is taxed twice, typically once at the corporate level and again at the personal level when distributed as dividends.