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Fundamentals of Business Economics Questions and Answers

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Question 1

Which of the following is an example of an indirect tax?

Options:

Corporation tax

Income tax

Inheritance tax

Sales tax

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Question 2

Which of the following is an example of fiscal policy?

Options:

The central bank imposing controls on bank lending

The removal of foreign exchange controls which restrict the transfer of currencies between countries

The removal of regulations which restrict Sunday trading

The creation of tax-exempt savings accounts to encourage savings

Question 3

The graph shows house prices in Lingford, a large urban town in a prosperous region.

Which of the following would be the equilibrium price for houses in Lingford?

Options:

£390,000

£400,000

£410,000

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BA1 Exam Dumps : Fundamentals of Business Economics

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Fundamentals of Business Economics Questions and Answers

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