Role of Government in International Business
Flashcard
•
Business
•
12th Grade
•
Hard
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20 questions
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1.
FLASHCARD QUESTION
Front
Legal ReasoningOptions: Legal reasoning employs earlier legal judgments to analyze arguments., Legal reasoning aims to make the law consistent and fair., Legal reasoning is only based on the individual views of judges.
Back
Legal reasoning is only based on the individual views of judges.
2.
FLASHCARD QUESTION
Front
What motivates businesses to grow overseas? Options: Foreign investors are attracted to a country by lower tax rates., Businesses are motivated to grow overseas by high tax levels., Tax incentives can motivate businesses to invest in certain industries.
Back
Businesses are motivated to grow overseas by high tax levels.
3.
FLASHCARD QUESTION
Front
Monetary Policy & Exchange Rates: Exchange rates are fixed regardless of central bank intervention.
Back
Exchange rates are fixed regardless of central bank intervention.
4.
FLASHCARD QUESTION
Front
What is the role of fiscal policy in the economy? Options: The role of the government is to serve and promote the interest of the people. The will of the governed must be represented in the laws and policies. Fiscal policy plays no role in the economy.
Back
Fiscal policy plays no role in the economy.
5.
FLASHCARD QUESTION
Front
Economic relations among nations are better promoted by trade missions, Limited government aims to curb government abuse of power, International trade operates best in the absence of any government interference.
Back
International trade operates best in the absence of any government interference.
6.
FLASHCARD QUESTION
Front
Environmental Policies: Tougher environmental policies always cut back on world trade.
Back
True
7.
FLASHCARD QUESTION
Front
What is the effect of infrastructure on global trade? Options: Good infrastructure cuts down trade costs and raises efficiency. Poor infrastructure causes delay and increased transportation cost. Infrastructure doesn't have any effect on global trade.
Back
Infrastructure doesn't have any effect on global trade.
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