In Which Industry or Sector of the Economy Is Output

question 103

Multiple Choice

In which industry or sector of the economy is output least likely to be affected by the business cycle?

• A)housing construction
• B)automobile production
• C)agricultural commodities
• D)capital goods production

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Definitions:

Collateral

Property or assets that a borrower offers to a lender as security for a loan, which can be seized if the loan is not repaid.

Proceeds

Money or other benefits received from a sale, insurance policy, or other transactions.

Bayer CropScience

A division of Bayer AG, specializing in the research, development, and marketing of agricultural products, including seeds and pest management solutions.

Genetically Altered Rice

A type of rice that has had its DNA modified using genetic engineering techniques to achieve desired traits such as improved yield or resistance to pests.