Fiscal Policy Is the Use of

question 83

Multiple Choice

Fiscal policy is the use of

• A)Government spending and taxes to alter macroeconomic outcomes.
• B)Money and credit controls to alter macroeconomic outcomes.
• C)Tax incentives,deregulation,and other mechanisms to increase the ability and willingness to produce goods and services.
• D)Trade policy to alter macroeconomic outcomes.

Understand the factors influencing rivalry and competition within industries.

Learn the steps involved in conducting an industry analysis.

Comprehend Porter’s Five Forces model as a tool for evaluating industry competitiveness.

Recognize the characteristics that drive competitiveness within an industry.

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Definitions:

Gratuitous Bailment

A bailment where the bailee (the person receiving the property) does not pay the bailor (the property owner) and holds the property for the benefit of the bailor or a third party.

Intangible Property

Property that is incapable of being apprehended by the senses (such as by sight or touch). Intellectual property is an example of intangible property.

Patent

A government grant giving an inventor exclusive rights to make, use, or sell an invention for a certain number of years.

Bailee

A person or entity entrusted with custody of property belonging to another.