Which of the Following Statements Is Correct

question 15

Multiple Choice

Which of the following statements is correct?

• A) Because it is subject to change, and frequently does, consumer and business confidence has only a minimal impact on future economic activity.
• B) Because it has historically remained steady, consumer and business confidence has only a minimal impact on future economic activity.
• C) Consumer and business confidence is extremely important and can have a great impact on future economic activity.
• D) Business confidence is extremely important and can have a great impact on future economic activity. The same is not true of consumer confidence.

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Definitions:

Franchising Agreement

A legal contract in which a well-established business grants another party the right to operate under its brand and sell its products or services.

Global Expansion

The process of a business extending its operations and influence to multiple countries beyond its home country.

Trade Agreements

Formal arrangements between countries that determine the rules of trade, including tariffs and import quotas.

International Trade

The exchange of goods and services across international borders or territories, involving the import and export of products.