Questions from Business Foundation

Q: What factors caused American business to develop into a mixed economic system

What factors caused American business to develop into a mixed economic system rather than some other type of economic system?

Q: Does an individual consumer really have a voice in answering the basic

Does an individual consumer really have a voice in answering the basic four economic questions described on page 14?

Q: Is gross domestic product a reliable indicator of a nation’s economic health

Is gross domestic product a reliable indicator of a nation’s economic health? What might be a better indicator?

Q: Discuss this statement: “Business competition encourages improved product quality and

Discuss this statement: “Business competition encourages improved product quality and increased customer satisfaction.”

Q: The United States restricts imports but, at the same time,

The United States restricts imports but, at the same time, supports the WTO and international banks whose objective is to enhance world trade. As a member of Congress, how would you justify this contr...

Q: What effects might the devaluation of a nation’s currency have on its

What effects might the devaluation of a nation’s currency have on its business firms, its consumers, and the debts it owes to other nations?

Q: Should imports to the United States be curtailed by, say,

Should imports to the United States be curtailed by, say, 20 percent to eliminate our trade deficit? What might happen if this were done?

Q: When should a firm consider expanding from strictly domestic trade to international

When should a firm consider expanding from strictly domestic trade to international trade? When should it consider becoming further involved in international trade? What factors might affect the firm’...

Q: If you were to start a business, which ownership form would

If you were to start a business, which ownership form would you choose? What factors might affect your choice?

Q: Discuss the following statement: “Corporations are not really run by

Discuss the following statement: “Corporations are not really run by their owners.”