Podcast
Questions and Answers
What is the impact of rising inflation on businesses?
What is the impact of rising inflation on businesses?
- Businesses will be able to easily recruit new employees as unemployment falls
- Businesses' costs will decrease, leading to lower prices for customers
- Businesses' costs will increase, leading to higher prices for customers (correct)
- Businesses will see an increase in sales as customers have more disposable income
What is the most likely impact of a fall in economic output on businesses?
What is the most likely impact of a fall in economic output on businesses?
- Businesses will experience a rise in average living standards as the population grows.
- Businesses will be able to expand and invest more due to higher profits.
- Businesses will need to hire more workers to meet increased demand.
- Businesses are unlikely to expand as there is less need for their products or services. (correct)
How does a growing GDP impact businesses?
How does a growing GDP impact businesses?
- Businesses will see decreasing sales as consumers have less disposable income
- Businesses will need to decrease prices to remain competitive in the market
- Businesses will benefit from increasing sales as more people have jobs and income to spend (correct)
- Businesses will face difficulty recruiting new employees as unemployment rises
What is the primary impact of a country running out of foreign currencies on its balance of payments?
What is the primary impact of a country running out of foreign currencies on its balance of payments?
What is the impact of low unemployment on businesses?
What is the impact of low unemployment on businesses?
How does an increase in income tax most directly impact businesses?
How does an increase in income tax most directly impact businesses?
How does low inflation impact businesses?
How does low inflation impact businesses?
What is the primary impact of an increase in import tariffs and quotas on businesses?
What is the primary impact of an increase in import tariffs and quotas on businesses?
What is the impact of rising unemployment on businesses that sell cheaper products?
What is the impact of rising unemployment on businesses that sell cheaper products?
How do higher interest rates most directly impact business investment?
How do higher interest rates most directly impact business investment?
How does low unemployment impact a business's ability to recruit new employees?
How does low unemployment impact a business's ability to recruit new employees?
Which of the following is the primary way that government spending changes can impact businesses?
Which of the following is the primary way that government spending changes can impact businesses?
