Asked by Marvelous Abraham on Apr 25, 2024
Verified
If the economy were going into a recession, an attractive industry to invest in would be the
A) automobile industry.
B) medical services industry.
C) construction industry.
D) automobile and construction industries.
E) medical services and construction industries.
Recession
A significant decline in economic activity across the economy, lasting longer than a few months.
Automobile Industry
A sector of the economy focused on the manufacture, design, development, marketing, and selling of motor vehicles.
Medical Services Industry
The sector of the economy that provides healthcare services, including hospitals, clinics, and providers of health-related services.
- Assess the responsiveness of various sectors to economic fluctuations and their potential for investment.
Verified Answer
SW
Stacey Warren-Moiser6 days ago
Final Answer :
B
Explanation :
During a recession, industries that provide essential services, such as medical services, tend to be more resilient and stable compared to discretionary sectors like automobiles and construction, which are more sensitive to economic downturns. People prioritize healthcare regardless of the economic situation, making it an attractive investment during recessions.
Learning Objectives
- Assess the responsiveness of various sectors to economic fluctuations and their potential for investment.