Section A - Answer ALL question in this section (20 marks) Question 1 The primary measure of growth in the business cycle is inflation. Question 2 Inflation results in increased purchasing power for the consumer. Question 3 The proactive approach to social responsibility argues that profits should not be spent on social programs. Question 4 Low start-up costs and tax benefits are advantages of sole proprietorships. Question 5 Even free market economies often establish some system of quotas and/or tariffs. Question 6 A firm first sets its strategies and then focuses attention on goals to accomplish them