BUSA 2106 TEST QUESTIONS AND ANSWERS A+
GRADED. Buy Quality Materials!
Externalities are costs of production borne by the enterprise that causes them
False
Presidents have formal control over rulemaking by independent agencies
False
Regulation is the effort by governments to achieve economic or social outcomes
by directing the behavior of citizens, groups, and corporations
True
The removal or substantial reduction of the body of regulation covering an
industry is known as deregulation
True
Competitive markets operate more efficiently when their participants have
enough information to make informed choices
True
The _____ is a daily government publication containing proposed rules, final
rules, andnotices of public meetings by regulatory agencies, and presidential
executive orders
Federal Register
When one company supplies the entire market for a good or service more
cheaply than acombination of smaller firms, it has-
a natural monopoly
A _____ is a decree issued by an agency to implement a law passed by Congress.
rule
When a factory dumps toxic waste into a river and pollutes the river, the costs
borne by society in order to clean up the mess is called a(n)-
externality
Which of the following is true regarding the executive agency?
It is run by an single administator
Which of the following is true about regulatory statutes?
Federal regulation originates in an act of Congress
Some regulations stop firms from making products in harmful ways, such as, by
exposingworkers to danger or by releasing pollutants. This is an example of the
government trying to-
regulate socially desirable production methods
The first wave of regulation:
allowed the government to give vast financial subsidies and grants to private interests
Which Act was passed by Congress in 2008 to restore financial stability?
The Emergency Economic Stabilization Act
What is a "significant regulatory action"?
A rule with an annual effect on the economy of $100 million or more
Different countries have the same ethical values
GRADED. Buy Quality Materials!
Externalities are costs of production borne by the enterprise that causes them
False
Presidents have formal control over rulemaking by independent agencies
False
Regulation is the effort by governments to achieve economic or social outcomes
by directing the behavior of citizens, groups, and corporations
True
The removal or substantial reduction of the body of regulation covering an
industry is known as deregulation
True
Competitive markets operate more efficiently when their participants have
enough information to make informed choices
True
The _____ is a daily government publication containing proposed rules, final
rules, andnotices of public meetings by regulatory agencies, and presidential
executive orders
Federal Register
When one company supplies the entire market for a good or service more
cheaply than acombination of smaller firms, it has-
a natural monopoly
A _____ is a decree issued by an agency to implement a law passed by Congress.
rule
When a factory dumps toxic waste into a river and pollutes the river, the costs
borne by society in order to clean up the mess is called a(n)-
externality
Which of the following is true regarding the executive agency?
It is run by an single administator
Which of the following is true about regulatory statutes?
Federal regulation originates in an act of Congress
Some regulations stop firms from making products in harmful ways, such as, by
exposingworkers to danger or by releasing pollutants. This is an example of the
government trying to-
regulate socially desirable production methods
The first wave of regulation:
allowed the government to give vast financial subsidies and grants to private interests
Which Act was passed by Congress in 2008 to restore financial stability?
The Emergency Economic Stabilization Act
What is a "significant regulatory action"?
A rule with an annual effect on the economy of $100 million or more
Different countries have the same ethical values
