AnswersEconomicsBusiness and Government

Business and Government — Test Answers

25 verified answers
21
Free Preview

How might consumers respond if an Internet service-providing company lowers the price of its services due to increased competition?

A
The subscription of the service will stop due to lower costs.
B
The government will intervene to raise prices in response to the competition.
C
The subscription of the service will likely grow due to lower costs.
D
The demand for the service will decrease irrespective of lower costs.
23

What happens if regulatory policies for a business are violated?

A
Additional inspections are required.
B
Fines and sanctions are applied.
C
New business rules are created.
D
Safety classes are mandated.
24

During what years did union membership peak?

A
in 1960 and 1970
B
in 1945 and 1955
C
in 1965 and 1970
D
in 1930 and 1950
25

Which of these would be a good title for this diagram?

A
Fiscal Policy
B
The Federal Debt
C
The National Economy
D
Government Spending

Did you find these answers helpful?