At the end of 2002, interest rates on new 30-year mortgages fell below six percent, and the industry operated under recessionary conditions. For the construction industry, this low interest rate was an example of how _____ forces influence its macroenvironment?
A) economic
B) demographic
C) technological
D) political and legal
E) social and cultural

Question

Quizplus · Accepted Answer

Interest rates are a part of the economic forces that influence the macroenvironment of industries, including the construction industry. Lower interest rates can make borrowing cheaper, potentially boosting investment in construction projects.

At the End of 2002, Interest Rates on New 30-Year