what is fiscal policy

changes in taxation and government to manage economy

where one business dominates the whole market

what are barriers to entry

obstacles that make it hard for a business to enter a market

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Government Policies

15 termsStudBud Administration35 plays

EDEXCEL, IGCSE BUSSINESS STUDIES, GOVERNMENT POLICIES

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Questions 15

Answers

1
what is fiscal policy
changes in taxation to manage expenditure
changes in taxation and government to manage economy
using changes in taxation to manage the economy
changes in interest rate and money supply to manage economy
2
what is a boom in a market
bottom of cycle
increasing slope of cycle
where market is at its lowest
peak of cycle
3
how does the government influence business activity?
consumer legislation
conseumur legistration
cunsyoumuhr ledgeislaytion
consmer legslatation
4
when was the sales of goods act formed
1987
1962
1979
2011
5
disadvantage of ecomnomic boom
lower cost of price
unhappy businesses
rise of price
businesses preform better
6
what is unemployment
lots of people out of a job
when companies dont want employess
labour intensive
people are cheaper
7
when was the trade description act formed
1977
1975
1969
1968
8
what is a monopoly?
where one business is owns 9% of the market
a board game
when one business is the best in the market
where one business dominates the whole market
9
whose role is it to decrease the gap between rich and poor
humanity
business leaders
government
bill gates
10
what are barriers to entry
obstacles that make it easy for a business to enter a market
obstacles that make it hard for a business to enter a market
obstacle that you cannot walk past
obstacles that force a business out of a market
11
what rate do most western economies grow/fall by
2%
-3%
5%
-1%
12
inflation?
a rise in general price level
economies of scale
a increase of specific prices
the rise of the business
13
whats intrest?
the price of money
the price of earned money
the price of borrowed money
the price of needed money
14
when was the food safety act formed
1970
1980
1990
1960
15
what is a recession
business income starts to fall
national income starts to fall
business income starts to rise
national income starts to rise

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