Different Sectors or Industries Grow or Shrink at Various Stages

question 53

Multiple Choice

Different sectors or industries grow or shrink at various stages in the business cycle.Which statement is true?

• A)Utilities tend to do relatively better in the early stages of an expansion.
• B)Basic materials tend to do well in the early stages of a recession.
• C)Healthcare tends to do well at the peak of an expansion.
• D)The financial sector tends to do relatively better in the early stages of an expansion.

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Definitions:

Cognitive Stages

Cognitive stages refer to the distinct phases in human development defined by cognitive abilities, as proposed by theorists like Jean Piaget, marking how thinking and reasoning evolve from infancy to adulthood.

Social Development

The process by which individuals acquire the knowledge, skills, and behaviors that enable them to participate effectively in society.

Gender Schema Theory

A cognitive theory which posits that people learn gender roles and behaviors through the socialization process, shaping their understanding and behaviors according to gender-specific expectations.

Gender Constancy

The understanding that one's gender identity is fixed and remains constant over time, regardless of external changes in appearance or behavior.