IBM_tutorial_7

What is the primary purpose of taxation by the central government?

• To reduce government spending

• To incentivize consumption

• To generate revenue for public expenditure

• To discourage research and development

Subsidies are financial assistance provided by the government to:

• Decrease competition

• Increase consumer prices

• Support certain industries or promote activities

• Discourage renewable energy production

Government regulations typically aim to:

• Reduce product quality

• Encourage corporate monopoly

• Ensure fair competition and public interest

• Eliminate all taxes

Which Central Asian country undertook large-scale privatization efforts after gaining independence from the Soviet Union?

• Kyrgyzstan

• Kazakhstan

• Tajikistan

• Turkmenistan

Minimum wage laws aim to:

• Increase competition

• Eliminate labor unions

• Establish a baseline compensation for workers

• Discourage savings among workers

Which of the following is a potential impact of minimum wage increases on businesses?

• Increased profit margins

• Decreased labor costs

• Potential reduction in hiring and working hours

• Higher investment in luxury services

Privatization is defined as:

• Increasing government ownership in private enterprises

• Transferring ownership from the public sector to private investors

• Increasing subsidies to private corporations

• Removing foreign investments

Deregulation is typically intended to:

• Limit competition

• Foster competition and innovation

• Decrease market freedom

• Reduce consumer choices

Demographic changes, such as population aging, primarily affect:

• Consumer demand for youth-oriented products

• Demand for senior healthcare and leisure services

• Taxation rates

• The gig economy

Ethnic diversity in a population affects business practices by influencing:

• Types of required taxes

• Unique consumer preferences and marketing approaches

• Workplace competition

• Consumer prices