Chp 8
In what year did the U.S. Surgeon General declare cigarettes a health hazard:
1964
As of 2009, what percentage of Americans smoked:
20%.
Public policy is a basic set of goals, plans and actions undertaken by:
A government.
Deregulation is often:
A politically popular idea.
Which of the following is NOT an example of a public policy input:
All are examples of public policy inputs.
Which of the following is NOT considered an economic policy:
All of the above are considered economic policies.
Since the 1980s, staffing for regulation enforcement has:
Been about the same.
An example of an illegitimate government can be seen in:
Burma.
Deregulation has NOT occurred in which industry:
Electronics.
A cooperative government-business relationship on one issue does not guarantee cooperation on another issue.
True
A national health care policy is an example of an economic policy.
True
A negative externality is the same as a spillover affect.
True
According to blogger Michael Hodges, we spend almost $5,000 per person annually in regulatory costs in the United States.
True
An example of a market failure is when a company fails to incorporate the cost of a side effect which is borne by someone else.
True
Who described public policy as what government chooses to do or not to do:
trick Moynahan.
BATF is generally considered to deal with social regulation, not economic regulation.
False
Natural monopolies generally occur because of heavy initial government regulation
False
Public policy is a plan of action undertaken by business to influence the government.
False
The "Group of 7" met in April 2009 and committed $1.1 dollars to loans in an attempt to stave off a world depression
False
The oldest regulations generally deal with safety in the workplace.
False
FRB is an abbreviation for what regulatory agency?
Federal Reserve Board.
A regulatory agency charged with enforcing social regulation:
Federal Trade Commission
Economic policies include:
Fiscal and monetary policies.
Public policy tools involve a combination of:
Incentives and penalties.
Which of the following is NOT an example of a social regulatory agency?
National Labor Relations Board.
A spillover effect is also known as:
Negative externality.
The primary way of accomplishing public policy is through:
Regulation.
Total social regulation costs are:
Slightly less than total economic regulation costs.
Deregulation in Europe usually occurs in the area of:
Social Regulation.
Government
Sometimes cooperates and sometimes is in conflict with business.
Public policy effects are:
Sometimes intended and sometimes unintended.
Who was the leading Senate Sponsor of the Family Smoking Prevention and Tobacco Control Act.
Ted Kennedy.
Which of the following is not a natural monopoly:
The NFL.
Reregulation is:
The increase or expansion of government regulation.
Cooperation between business and government often occurs when:
They encounter a common problem or enemy.
Economic regulations aim at modifying the normal operations of the free market and the forces of supply and demand.
True
Governments use public policy tools to achieve public policy goals.
True
In December of 2008, Canada authorized emergency loans for automotive companies.
True
Monetary policies refer to policies that affect the supply, demand and value of the nation's currency.
True
Public Policy Inputs are external pressures which shape governmental policy decisions and strategies to address problems.
True
Which of the following is not a public good?
public libraries.
