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Y8 Business Studies - C4 Government and Economic Influences

Authored by Leong Chee Onn

Business

9th - 12th Grade

Used 2+ times

Y8 Business Studies - C4 Government and Economic Influences
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the possible advantages of business activity on society?

Production of useful goods to satisfy customer wants

Monopolizing the market

Low wages for workers

Increase in pollution

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the impact of low inflation on the people?

Their buying power decreases

They become less productive

They become more productive

Their buying power increases

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the aim of the government on low level of unemployment?

To increase standards of living

To decrease standards of living

To increase national output

To decrease national output

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What represent economic growth?

Decrease in Gross Domestic Product (GDP)

Increase in Gross Domestic Product (GDP)

Increase in inflation.

Increase in employment level.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the balance of payments?

The difference between the value of exports and imports of a country

The total value of goods produced in one year

The total value of imports in a country

The total value of exports in a country

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic policy involves controlling the amount of money in the economy through interest rates?

Trade policy

Supply side policies

Monetary Policy

Fiscal Policy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of supply side policies?

Reducing tax rate

Increasing training and education

Reducing bank interest rate

Decreasing competition

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