mdcat logical reasoning MCQ #56

A major retail company goes out of business. What is a probable effect on the local economy?

mdcat logical reasoning MCQ #56

  1. Question 1

    Q1. A major retail company goes out of business. What is a probable effect on the local economy?

    • A) Job creation in related industries
    • B) No significant economic impact
    • C) Loss of jobs and potential economic downturn
    • D) Increased economic activity

    Answer: Loss of jobs and potential economic downturn

    Explanation: A major retailer going out of business results in job losses and can negatively impact the local economy