BUS 345 Ch11 Questions and Answers
A strong industrial policy: - ANSWER-helps firms compete in a fast-moving global
economy.
Advocates of privatization base their positions on the need for efficiency and overall
performance. - ANSWER-T
After the 1950s, most Congressional legislation that affected business was - ANSWER-
concerned largely with the quality of life.
All of the following are reasons that government regulation of business is needed except
- ANSWER-maintain competitive markets.
Arguments against industrial policy include all of the following except - ANSWER-The
need to rescue "sunset" industries.
Arguments against privatization include all of these except: - ANSWER-service
provisions.
Arguments for industrial policy include all of the following except - ANSWER-stifling
innovation.
Business generally follows the ethic of - ANSWER-individualism
Deregulation has provided uniform benefits for all parties affected. - ANSWER-F
Early economic regulations and the government bodies that administered them were
usually formed along industry lines. - ANSWER-T
Every form of state intervention that affects industry as a distinct part of the economy is
called - ANSWER-industrial policy
Government attempts to persuade business to act in the public interest are called -
ANSWER-moral suasion.
Government influences business through all of the following nonregulatory methods
except - ANSWER-requiring equal employment opportunities be granted to job
applicants.
Government intervention in business began with - ANSWER-a push for tariffs.
Government intervention in monopolistic industries is often brought about by -
ANSWER-anticompetitive practices.
, Government is generally thought to follow the ethic of - ANSWER-collectivism
Government payments to industries or groups with special qualifications are called -
ANSWER-subsidies
Government regulation generally arises out of some type of market failure. - ANSWER-
T
Government regulation of business through the control of economic or market variables
is a form of - ANSWER-economic regulation.
Government regulations have been criticized for all the following reasons except -
ANSWER-being ineffective.
Government's new role in its relationship with business during the New Deal era was
one of - ANSWER-restoring prosperity and promoting economic growth.
Governmental regulations that seek to further societal objectives are examples of -
ANSWER-social regulation.
In many ways the most controversial aspect of the government/business relationship is
regulation. - ANSWER-T
Industrial policy is: - ANSWER-a powerful nonregulating approach by government to
influence business.
Keeping people informed is an important social goal of government. - ANSWER-T
Many government regulations over business have been created by the efforts of special
interest groups. - ANSWER-T
Modern goals for business include all of the following except - ANSWER-promoting the
social welfare
Most Congressional legislation before the 1950s that affected business was -
ANSWER-economic in nature.
Negative externalities are often referred to as - ANSWER-social costs.
Negative externalities are the additional costs incurred by business due to the outside
regulations placed by government. - ANSWER-F
Newer social regulations covers business practices in all industries. - ANSWER-T
One of the most direct ways in which government influences business is through
transfer payments. - ANSWER-F
A strong industrial policy: - ANSWER-helps firms compete in a fast-moving global
economy.
Advocates of privatization base their positions on the need for efficiency and overall
performance. - ANSWER-T
After the 1950s, most Congressional legislation that affected business was - ANSWER-
concerned largely with the quality of life.
All of the following are reasons that government regulation of business is needed except
- ANSWER-maintain competitive markets.
Arguments against industrial policy include all of the following except - ANSWER-The
need to rescue "sunset" industries.
Arguments against privatization include all of these except: - ANSWER-service
provisions.
Arguments for industrial policy include all of the following except - ANSWER-stifling
innovation.
Business generally follows the ethic of - ANSWER-individualism
Deregulation has provided uniform benefits for all parties affected. - ANSWER-F
Early economic regulations and the government bodies that administered them were
usually formed along industry lines. - ANSWER-T
Every form of state intervention that affects industry as a distinct part of the economy is
called - ANSWER-industrial policy
Government attempts to persuade business to act in the public interest are called -
ANSWER-moral suasion.
Government influences business through all of the following nonregulatory methods
except - ANSWER-requiring equal employment opportunities be granted to job
applicants.
Government intervention in business began with - ANSWER-a push for tariffs.
Government intervention in monopolistic industries is often brought about by -
ANSWER-anticompetitive practices.
, Government is generally thought to follow the ethic of - ANSWER-collectivism
Government payments to industries or groups with special qualifications are called -
ANSWER-subsidies
Government regulation generally arises out of some type of market failure. - ANSWER-
T
Government regulation of business through the control of economic or market variables
is a form of - ANSWER-economic regulation.
Government regulations have been criticized for all the following reasons except -
ANSWER-being ineffective.
Government's new role in its relationship with business during the New Deal era was
one of - ANSWER-restoring prosperity and promoting economic growth.
Governmental regulations that seek to further societal objectives are examples of -
ANSWER-social regulation.
In many ways the most controversial aspect of the government/business relationship is
regulation. - ANSWER-T
Industrial policy is: - ANSWER-a powerful nonregulating approach by government to
influence business.
Keeping people informed is an important social goal of government. - ANSWER-T
Many government regulations over business have been created by the efforts of special
interest groups. - ANSWER-T
Modern goals for business include all of the following except - ANSWER-promoting the
social welfare
Most Congressional legislation before the 1950s that affected business was -
ANSWER-economic in nature.
Negative externalities are often referred to as - ANSWER-social costs.
Negative externalities are the additional costs incurred by business due to the outside
regulations placed by government. - ANSWER-F
Newer social regulations covers business practices in all industries. - ANSWER-T
One of the most direct ways in which government influences business is through
transfer payments. - ANSWER-F
