A political/legal trend is characterized by which of the following?
A) The Federal Reserve announces that it will decrease the interest rate it charges banks
B) Congress passes legislation that increases the tax rates on corporations
C) A new computer chip is announced which will allow for miniaturization of many electronic devices
D) The E.U. declares an increase in tariffs on all agricultural goods

Question

Quizplus · Accepted Answer

A political/legal trend refers to changes in laws or regulations that affect business operations. Congress passing legislation to increase tax rates on corporations is an example of a political/legal trend as it changes the legal and regulatory environment for businesses. The other options are either related to monetary policy (A) or technological advancements (C) and (D) which are not political or legal trends.

A Political/legal Trend Is Characterized by Which of the Following