Question 1
(1 point)
A cooperative government-business relationship on one issue does not guarantee cooperation on another issue.
Question 1 options:A) True
B) False
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Question 2
(1 point)
Sometimes national leaders resist the notion of international regulation, seeking to control matters of commerce themselves within their own countries.
Question 2 options:A) True
B) False
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Question 3
(1 point)
In Europe, unions are prohibited by law to be on businesses’ administrative boards.
Question 3 options:A) True
B) False
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Question 4
(1 point)
Public policy effects are always unintended consequences of inaction.
Question 4 options:A) True
B) False
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Question 5
(1 point)
Regulations cannot be applied to international business behavior.
Question 5 options:A) True
B) False
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Question 6
(1 point)
Regulatory activity is often cyclical.
Question 6 options:A) True
B) False
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Question 7
(1 point)
Predatory pricing is a violation of antitrust laws.
Question 7 options:A) True
B) False
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Question 8
(1 point)
Cooperation between business and government often occurs when:
Question 8 options:A) Business can afford it.
B) They encounter a common problem or enemy.
C) Business operates at arms length from the government.
D) Government has the support of the people.
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Question 9
(1 point)
Deregulation is often:
Question 9 options:A) Seen during a Democratic federal administration.
B) A politically unpopular idea.
C) Found in European countries but not in the United States.
D) A politically popular idea.
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Question 10
(1 point)
Governments hold the power to:
Question 10 options:A) Grant permission for only specific business activity.
B) Grant or refuse permission for many types of business activity.
C) Refused permission for only government-funded activity.
D) None of the above.
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Question 11
(1 point)
When a government orders companies not to conduct business in another country because of a war, human rights violations, or lack of legitimate government, these orders are called:
Question 11 options:A) Government stop-orders.
B) Political sanctions.
C) Economic sanctions.
D) Government bailouts.
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Question 12
(1 point)
Regulation can be argued is justified based on:
Question 12 options:A) Utilitarian and justice grounds.
B) Tradition.
C) The life cycle of regulation.
D) Collective market theory.
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Question 13
(1 point)
Government’s role is to create and enforce laws that:
Question 13 options:A) Control businesses’ actions in society.
B) Balance the relationship between business and society.
C) Protect society from business.
D) Protect businesses’ interest in society.
