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Fundamentals of Business Economics

Last Update Apr 25, 2024
Total Questions : 468

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Fundamentals of Business Economics Questions and Answers

Questions 1

Which TWO reasons support the argument that global firms may facilitate globalisation?

Options:

A.

Global firms can lobby governments to open up markets for free trade

B.

Global firms can bring stability to international stock markets

C.

Global firms can be immune from national concerns

D.

Global firms can forfeit national laws under certain conditions

E.

Global firms can lead to greater homogemsation of tastes and values across different countries.

Questions 2

Which of the following can be used by a national government as justification for introducing a protectionist trade policy?

Options:

A.

To promote the development of an infant industry

B.

To allow specialisation

C.

To promote economies of scale

D.

To increase competition.

Questions 3

Which of the following is an example of an indirect tax?

Options:

A.

Corporation tax

B.

Income tax

C.

Inheritance tax

D.

Sales tax

Next Question