15.

Cyclical and Defensive Industries Dell Computers and General Motors are examples of firms in industries and American Tobacco and Carmike Cinemas are examples industries of firms in Multiple Choice cyclical; defensive durables; nondurables financial; nonfinancial defensive; cyclical Cyclical and Defensive Industries At the peak of an economic cycle you can expect a industry to begin to outperform other industries while at the trough you can industry to begin to outperform other industries expect a Multiple Choice cyclical; defensive financial; nonfinancial defensive; cyclical durables; nondurables