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Exam 11: Business, Government, and Regulation.

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Question 41

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The newer form of industrial policy is exemplified by:

A) a focus on enabling industrialization.
B) Karl Aiginer's book, "Industrial Policy: A Dying Breed or a Re-emerging Phoenix?"
C) policy that does not conflict with widely held view on the role of government in the economy.
D) Robert Reich's book, "The Next American Frontier."

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Question 42

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Arguments against industrial policy include all of the following except

A) reduces market efficiency
B) The need to rescue "sunset" industries.
C) the need to promote "sunrise" industries.
D) foreign industrial policy success has been variable.

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Question 43

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The public and government use all of the following methods of influencing each other except

Utilize the knowledge you have gained to respond to the following essay questions. Your answers should state your position and use logical arguments and content from this and other chapters in the textbook to support it. -Regulation imposes new costs on business, including direct, indirect, and induced costs. Which type of additional cost is most important to consider in the regulation process?

The act of governing or bringing under the control of law or constituted authority is called

Most Congressional legislation before the 1950s that affected business was

After the 1950s, most Congressional legislation that affected business was

Our goals for business focus solely on the production and distribution of goods and services.

One of the recurring problems in industries that have been deregulated is that they tend to become dominated by a few firms.

Governmental regulations that seek to further societal objectives are examples of

Government attempts to persuade business to act in the public interest are called

Keeping people informed is an important social goal of government.

The relationship between government and business is limited to government's influence over business.

Industrial policy is:

Government payments to industries or groups with special qualifications are called

Arguments against privatization include all of these except:

Negative externalities are often referred to as

Utilize the knowledge you have gained to respond to the following essay questions. Your answers should state your position and use logical arguments and content from this and other chapters in the textbook to support it. -Given information from this chapter, can governments manage more ethically than capitalism?

A 2015 Pew research survey found that respondents think the government is doing well on many issues except

Which of the following is not considered a part of the induced costs of regulation?