Quiz on Government's Role in Business Opportunities

What significant role does the government play in local businesses?

• It controls the prices of goods.

• It regulates all business activities.

• It acts as a spender and buyer of goods and services.

• It provides loans to all businesses.

How does the government assist small and medium scale businesses?

• By controlling market prices.

• By providing free land.

• By offering tax exemptions.

• By helping small investors raise capital.

What infrastructure does the government provide to aid businesses?

• Roads, bridges, and expressways.

• Airports and seaports only.

• Only public transportation.

• Telecommunication networks.

What limits the growth of micro-enterprises according to the text?

• Inadequate infrastructure and support services.

• High taxes.

• Excessive government regulations.

• Lack of skilled labor.

What has increased due to declining debt payments?

• Investment in foreign businesses.

• Tax revenues.

• Spending on market networks.

• Government spending on infrastructure.

What is a consequence of poor road conditions mentioned in the text?

• Increased production efficiency.

• Higher transport costs and risk of perishability.

• Lower business taxes.

• Improved market access.

In which year did the Philippines see a 10-notch drop in the Global Competitiveness Index?

• 2018

• 2017

• 2016

• 2019

What was the Philippines' ranking in the number of procedures to start a business?

• First in the world.

• Average among Southeast Asian countries.

• Second worst globally.

• Top ten globally.

What was the government budget deficit of the Philippines in 2018?

• 4% of GDP.

• 3% of GDP.

• 1% of GDP.

• 2% of GDP.

What was the average government budget deficit in the Philippines from 1988 until 2018?

• -4.11% of GDP.

• -1.11% of GDP.

• -2.11% of GDP.

• -3.11% of GDP.