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Which of the following identifies an upward economic trend:*2 pointsA. Businesses are using more computers.B. Sales in the auto industry are increasing.C. Businesses must meet stricter licensing requirements.D. The number of firms accused of price fixing is increasing

Question

Which of the following identifies an upward economic trend:*2 pointsA. Businesses are using more computers.B. Sales in the auto industry are increasing.C. Businesses must meet stricter licensing requirements.D. The number of firms accused of price fixing is increasing

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Solution

The correct answer is B. Sales in the auto industry are increasing. This is because an upward economic trend, also known as economic growth, is typically characterized by an increase in production and sales in various industries. When sales in the auto industry are increasing, it suggests that more people are buying cars, which could be due to a variety of factors such as increased consumer confidence, higher disposable income, or improved economic conditions. Therefore, this is indicative of an upward economic trend.

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