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CIE IGCSE Business Section 6 Review Flashcards | StudBud

Explore/CIE IGCSE Business Section 6 Review

The value of one country's currency falling in terms of another is

Inflation means the economy is expanding

CIE IGCSE Business Section 6 Review

11 terms·StudBud Administration·184 plays

A review of section 6 IGCSE CIE Business specifically focussed on typical misconceptions

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Questions 11

Answers

1
Inflation means the economy is expanding
True
False
2
The value of one country's currency falling in terms of another is
a depreciation
an appreciation
a revaluation
a devaluation
3
Being unethical is
legal
neither
illegal
both
4
Exchange rate appreciation makes exports
cheaper
more expensive
5
Pressure groups are most effective when
they lobby government to get policy change
the publicly demonstrate causing local disturbances
6
International trade is good because
labour is more expensive
it allows businesses access to larger markets
raw materials are more expensive
it increases competition
7
Environmental considerations always increase business costs
True
False
8
A recession...
lowers consumers incomes
leads to a fall in demand
leads to high inflation
reduces unemployment
9
Choose the incorrect word - a business can easily sell products to other countries
sell
easily
countries
products
10
Multinationals...
have operations in more than one country
only operate in one country
have operations in one country and HQ in a different country
sell products in more than one country
11
Economic booms are not always good for an economy because
standards of living will fall
inflation will fall
inflation rises and reduces the purchasing power of wages
unemployment rises