CSCI 1953 Ethics Test 4
The antitrust enforcement agencies in the United States have the legal authority to
Block anti-competitive mergers in the United States
A structural remedy for an antitrust violation includes
Breaking up a monopolistic organization
an example of a regulatory agency charged with enforcing social regulation is the
Federal trade commission
which entity enforces rules to balance the relationship between business and society
Government
and example of an economic regulatory agency is the
National labor relations board
One concern of critics of regulation is
The high cost to small and manufacturing businesses
Reregulation is
The increase or expansion of government regulation
by raising and lowering the interest rates at which private banks borrow money from the government, the federal reserve bank influences
The size of the nations money supply the value of the dollar investor confidence (all of these choices are correct)
New improved mining equipment that was found to increase cases of black lung disease because it generated higher levels of dust in the mines is an example of negative externalities
True
The amount of regulatory activity is often cyclical
True
The cost of economic regulation in the United States has grown more slowly than that of social regulation
True
economic regulations aimed to modify the normal operations of the free market and the forces of supply and demand
True
if a company uses its market dominance to restrain commerce, compete unfairly, or hurt customers, then it may be violating antitrust laws
True
in nondemocratic countries, the power of government may derive from a monarchy, military dictatorship, or religious authority
True
monetary policies refer to policies that affect the supply, demand, and value of the nations currency
True
regulation is a primary way of accomplishing public policy
True
anti-trust laws protect customers from
anti-competitive practices by business, such as price-fixing
businesses' understanding of government regulations is
both a domestic and an international issue
past decisions of the courts, the original basis for the US legal system, are called
common law
A test to determine if the benefits of regulation are worth its cost is called a
cost-benefit analysis
The removal or scaling back of regulatory authority and activities of government is called
deregulation
when a government orders companies not to conduct business in another country because of a war, human rights violation, or the lack of legitimate government; these orders are called
economic sanctions
A national care policy is an example of an economic policy
false
in all cases, businesses are unable to exert enough influence over government leaders to keep them in power
false
social regulations or limited to a particular type of business or industry
false
patterns of government collecting and spending funds to stimulate or support the economy fall under which type of policy
fiscal
public policy tools involve a combination of
incentives and penalties
A government is being asked to regulate driving distractions is an example of a public policy
input
when the market place does not adjust for the full cost of a firms behavior, this is called
market failure
Government regulations help balance negative externalities such as
mining regulations to fight black lung disease
rules that affect the supply, demand, and value of a nations currency refer to which type of public policy
monetary
if a company builds a complex infrastructure, which would be in efficient for a second firm to duplicate, the industry may develop into a
natural monopoly
when a firm sells products below cost to drive rivals out of business, this is called
predatory pricing
economic regulations are illustrated by which action
preventing anti-competitive business practices
A plan of action taken by government to achieve some broad purpose affecting a substantial segment of a nation's citizen is called
public policy
cooperation between business and government often occurs when
regulations set standards that apply to all firms rules build customer confidence in product safety barriers to entry help maintain a competitive advantage (all of these choices are correct)
since 1960, what was the growth trend in the US regulatory apparatus
significantly increased
laws aimed at protecting customers, the environment, and workers are collectively known as
social regulations
why should companies be concerned when doing business with questionable governments
they might indirectly support the illegitimate controlling power
regulation can be argued as justified based on
utilitarian and justice grounds
if a regulation is costly or stipples intubation, how would the impacted business likely respond
with strong opposition