Assume we want to compare minimum wage workers in two different industries: fast food and agriculture. If the fast-food industry has 60% of their costs from labor while the agriculture industry has 80% of their costs from labor, then an increase in the minimum wage will lead to layoffs in the fast-food industry compared to the agriculture industry.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

Ithink the answers would be a and c and e!

I'm not 100% sure but i think it is service producing industries