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global chapter 11
Terms in this set (75)
The level of government regulation of business has always been low.
Regulating the way business operates is only one of several roles the government has in its relationship with business.
Our goals for business focus solely on the production and distribution of goods and services.
The relationship between government and business has become adversarial, but is improving.
The relationship between goverrnnent and business is limited to government's influence over business.
Proponents of privatization want goverrnnent to be a producer of services.
Advocates of privatization base their positions on the need for efficiency and overall performance.
One of the most direct ways in which government influences business is through transfer payments.
When providing loan guarantees for business, the goverrnnent actually transfers the money to the business.
The monetary policy set the Federal Reserve System is completely independent of the influence of other branches of goverrnnent.
In many ways the most controversial aspect of the government/business relationship is regulation.
Government regulation generally arises out of some type of market failure.
Many government regulations over business have been created by the efforts of special interest groups.
Negative externalities are the additional costs incurred by business due to the outside regulations placed by goverrunent.
Keeping people informed is an important social goal of goverrunent.
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