Because Corning Produces Durable Goods,the Demand for Their Goods

question 13

Multiple Choice

Because Corning produces durable goods,the demand for their goods

• A)is likely to increase during recession.
• B)declines when incomes in the economy are rising.
• C)is consistently high,regardless of the state of the economy.
• D)tends to follow the business cycle.

---

Definitions:

New Amsterdam

The 17th-century Dutch settlement that later became New York City, reflecting the early colonial history of the United States.

Mercantilism

An economic theory and practice common in Europe from the 16th to the 18th century, emphasizing national economic interests and the accumulation of wealth through a favorable balance of trade.

Colbert

Jean-Baptiste Colbert was a French politician who served as the Minister of Finances of France under King Louis XIV, known for his policies aimed at increasing the wealth and power of France through mercantilism.

New France

The area colonized by France in North America during a period extending from the exploration of the Saint Lawrence River by Jacques Cartier in 1534 to the cession of New France to Spain and Britain in 1763.