Business

What is Globalization ?

• Globalisation is the process of connecting countries, people and businesses through trade, communication and cultural exchange. 

• Making countries work alone.

• Stopping trade and communication.

• Helping countries be completely independent.

What are tax imposed on imported goods?

What is Imported Quota?

• 1. A restriction on exporting goods.

• A tax on imported goods.

• A subsidy for domestic production.

• Quantity limit of imported goods that can enter the country

Competition could lead to creation of more goods thus consumers have many options with better prices. 

• T

• F

What is the Expansionary Fiscal Policy?

• Goverment Spending = Taxes

• Goverment Spending < Taxes

• Goverment Spending > Taxes

• All Of the Above

What is the Contractionary Fiscal Policy?

• Government Spending = Taxes

• Government Spending > Taxes

• Taxes> Government Spending

• All of the above

What is the sector that produces Goods and services in the business cycle?

The sector that is spending money on goods and services

Which one is the positive effect of globalization on MNC's

• Cheaper Labor

• ​Reduce Cost of raw materials

• lower profits due to import tariffs

• 1 + 1 = 2

An example of an indirect tax

• VAT

• Corporation Tax

• Income Tax

• Tax