Exam 3: External Environment: Political Economic Forces

Firms operating in multiple distinct markets may be affected in different ways by macroenvironmental forces in each market.

When the U.S.dollar is strong,

Outcomes of elections,legislation,and judicial court decisions are considered to be

The Fair Labor Standards Act stops unfair methods of competition.

Proponents of anthropogenic climate change contend that

How have macroenvironmental forces affected the U.S.airline industry in recent years?

U.S.legislation that increased regulation of financial markets and credit rating agencies is known as the

A recession occurs when GDP declines for four consecutive quarters.

A recession

Which of the following is not an element within the macroenvironment?

When the U.S.dollar is weak,U.S.manufacturers tend to locate more of their plants abroad.

Identify some examples of U.S.governmental regulation that have occurred in the past 50 years.

The movement in North America toward free trade is associated with

What are four examples of economic forces that affect business activities? Do they affect all industries equally?

The Chinese economy has become more regulated in the past ten years.

Which of the following is not an element within the macroenvironment?

To foster free markets,the U.S.generally does not restrict the sale of nuclear and defense-related products to unfriendly nations.

Opponents of anthropogenic climate change contend that

Less rigid governmental regulations for business activities are typically found in

GDP refers to the value of the world's annual total production of goods and services.