Assume That It Is Predicted That for the Years After

question 196

Multiple Choice

Assume that it is predicted that for the years after you graduate from college,the entire economy will experience a long period of recession during which people's incomes decrease.What type of industry would be the best for you to find employment if this prediction is correct? An industry that produces a product that

• A) is income elastic.
• B) is income inelastic.
• C) is inferior.
• D) is a complement.
• E) none of these industries

---

Definitions:

Internationally Oriented

Having an interest or involvement in international affairs, cultures, or markets.

Structured Interviewing

A systematic approach to interviews where all candidates are asked the same predetermined set of questions for fair and consistent evaluation.

Behavior Influences

The various factors, including environment, upbringing, and internal motivations, that affect an individual's actions and reactions.

Work Force

The pool of individuals who are either employed or are available for employment.