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SingaporeBusiness StudiesQuick questions
External Influences on Business
Quick questions on Government economic objectives and policy explained: O-Level Business Studies
6short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What are government economic objectives?Show answer
These objectives can conflict: for example, boosting growth quickly can push up inflation.
What is monetary policy (interest rates)?Show answer
Monetary policy mainly works through interest rates (and the money supply).
What is legislation (laws)?Show answer
Governments pass laws that businesses must obey, including:
What is q1?Show answer
Define the term monetary policy. [2 marks]
What is q2?Show answer
State two economic objectives of a government. [2 marks]
What is q3?Show answer
Explain one way a fall in income tax could benefit a business. [4 marks]
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