Chapters 8-9

question

In December of 2008, Canada authorized emergency loans for automotive companies.
answer

False (change)
question

The “Group of 7” met in April 2009 and committed $1.1 dollars to loans in an attempt to stave off a world depression
answer

False
question

A cooperative government-business relationship on one issue does not guarantee cooperation on another issue.
answer

True
question

Public policy is a plan of action undertaken by business to influence the government.
answer

False
question

Public Policy Inputs are external pressures which shape governmental policy decisions and strategies to address problems.
answer

True
question

Governments use public policy tools to achieve public policy goals.
answer

True
question

Monetary policies refer to policies that affect the supply, demand and value of the nation’s currency.
answer

True
question

A national health care policy is an example of an economic policy.
answer

True
question

Economic regulations aim at modifying the normal operations of the free market and the forces of supply and demand.
answer

True
question

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.
answer

True
question

A negative externality is the same as a spillover affect.
answer

True
question

Natural monopolies generally occur because of heavy initial government regulation
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False
question

The oldest regulations generally deal with safety in the workplace.
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False
question

BATF is generally considered to deal with social regulation, not economic regulation.
answer

False
question

According to blogger Michael Hodges, we spend almost $5,000 per person annually in regulatory costs in the United States.
answer

True
question

Which of the following is not a public good? A) police protection. B) homeland security. C) public libraries. D) police protection.
answer

public libraries.
question

Who described public policy as what government chooses to do or not to do: A) Bill Clinton. B) George Bush. C) Sam Walton. D) Patrick Moynahan.
answer

Patrick Moynahan.
question

Government: A) Tends to cooperate with business. B) Tends to be in conflict with business. C) Sometimes cooperates and sometimes is in conflict with business. D) Tends to be controlled by business.
answer

Sometimes cooperates and sometimes is in conflict with business.
question

Cooperation between business and government often occurs when: A) They encounter a common problem or enemy. B) Business can afford it. C) Business is required by law to cooperate. D) Government has the support of the people.
answer

They encounter a common problem or enemy.
question

An example of an illegitimate government can be seen in: A) Burma. B) Russia. C) The United States. D) Spain.
answer

Burma.
question

Public policy is a basic set of goals, plans and actions undertaken by: A) Political lobbyists. B) A government. C) Business advocacy groups. D) Police and fire departments.
answer

A government.
question

Which of the following is NOT an example of a public policy input: A) Foreign policy concerns. B) Media attention. C) Economic pressures. D) All are examples of public policy inputs.
answer

All are examples of public policy inputs.
question

Public policy tools involve a combination of: A) Incentives and political favors. B) Penalties and prison terms. C) Incentives and penalties. D) Political favors and prison terms.
answer

Incentives and penalties.
question

Public policy effects are: A) Invariably please more people than they displease. B) generally easy to predict. C) Only know ten years after the public policy is enacted. D) Sometimes intended and sometimes unintended.
answer

Sometimes intended and sometimes unintended.
question

Economic policies include: A) Fiscal and monetary policies. B) Monetary and social assistance policies. C) Fiscal and social assistance policies. D) Policies initiated by the Federal Reserve System.
answer

Fiscal and monetary policies.
question

Which of the following is NOT considered an economic policy: A) Trade policy. B) Taxation policy. C) Industrial policy. D) All of the above are considered economic policies.
answer

All of the above are considered economic policies.
question

The primary way of accomplishing public policy is through: A) Wait for businesses to act. B) Lobbying Congress. C) Regulation. D) Writing your politician.
answer

Regulation.
question

A spillover effect is also known as: A) Negative externality. B) Unplanned cost. C) Unintended cost. D) All of the above.
answer

Negative externality.
question

Which of the following is not a natural monopoly: A) The NFL. B) Railroads. C) Software. D) Cable tv.
answer

The NFL.
question

Which of the following is NOT an example of a social regulatory agency? A) Consumer Product Safety Commission. B) The Environmental Protection Agency. C) National Highway Traffic Safety Administration. D) National Labor Relations Board.
answer

National Labor Relations Board.
question

FRB is an abbreviation for what regulatory agency? A) Federal Reserve Board. B) Fiscal Responsibility Bureau. C) Federal Recycling Bureau. D) Foreign Relations Board.
answer

Federal Reserve Board.
question

A regulatory agency charged with enforcing social regulation: A) Federal Trade Commission. B) Federal Aviation Administration. C) Federal Communications Commission. D) Internal Revenue Service.
answer

Federal Trade Commission.
question

Total social regulation costs are: A) Slightly higher than total economic regulation costs. B) Slightly less than total economic regulation costs. C) Significantly higher than total economic regulation costs. D) Equal to total economic regulation costs.
answer

Slightly less than total economic regulation costs.
question

Since the 1980s, staffing for regulation enforcement has: A) Slightly increased. B) Slightly decreased. C) Dramatically increased. D) Been about the same.
answer

D) Been about the same.
question

Deregulation is often: A) A politically popular idea. B) A politically unpopular idea. C) Seen during a Democratic federal administration. D) Found in European countries but not in the United States.
answer

A politically popular idea
question

Reregulation is: A) The adoption of regulation in another country to promote trade. B) Necessary since all regulation has a time limit. C) The increase or expansion of government regulation. D) The shifting of regulation to the state level from the national level.
answer

The increase or expansion of government regulation.
question

Deregulation has NOT occurred in which industry: A) Commercial airlines. B) Railroads. C) Electronics. D) Financial institutions.
answer

Electronics.
question

Deregulation in Europe usually occurs in the area of: A) Social Regulation. B) Fiscal Regulation. C) Health Care Regulation. D) Economic Regulation.
answer

Social Regulation.
question

As of 2009, what percentage of Americans smoked: A) 8%. B) 15%. C) 20%. D) 26%.
answer

20%.
question

Who was the leading Senate Sponsor of the Family Smoking Prevention and Tobacco Control Act. A) Ted Kennedy. B) Charles Grassley. C) Barack Obama. D) Barbara Mikulski.
answer

Ted Kennedy
question

Despite substantial opposition, Google and Yahoo joined in an advertising venture in 2008. A) True B) False
answer

True
question

Using political means, Merck was able to legally sell Manicil to girls as young as 12 years old. A) True B) False
answer

True
question

Opponents of business’s involvement in the political process argue that businesses risk their credibility by becoming involved in partisan politics. A) True B) False
answer

True
question

In a 2009 Harris Poll, approximately 85% of those surveyed believed that big business has too much political power. A) True B) False
answer

True
question

The AFL-CIO supported the 2008 Republican ticket by establishing a website entitled McCain revealed. A) True B) False
answer

True
question

In 2008, President Bush signed a law which changed the date of daylight savings time. A) True B) False
answer

False- 2005
question

Chemical firms generally have a sophisticated political strategy. A) True B) False
answer

True
question

Since 1998, the number of lobbyists has almost tripled. A) True B) False
answer

True
question

Under U.S. law, lobbying activities must be disclosed publicly. A) True B) False
answer

True
question

Lobbying firms must register with the Government, though this action is not required by in house lobbyists. A) True B) False
answer

False
question

Expert witnesses provide information to legislators for businesses or business groups. A) True B) False
answer

True
question

Companies that have organized PACs can only donate $4,000 per election cycle to these organizations. A) True B) False
answer

False
question

2008 was the first time that Presidential candidates raised over one billion dollars. A) True B) False
answer

True
question

Barack Obama raised slightly less money than John McCain for the 2008 Presidential election. A) True B) False
answer

False
question

Advocacy ads have been legal in the United States since 1978. A) True B) False
answer

True
question

The solar polar industry: A) is dominated by three large companies which are very active politically. B) has eschewed political donations, and has subsequently suffered under the Obama administration. C) was able to have legislation passed in Hawaii which requires solar water heaters in all new construction by 2010. D) has approximately 2,900 companies in the United States.
answer

C) was able to have legislation passed in Hawaii which requires solar water heaters in all new construction by 2010.
question

Proponents of business as a political participant argue: A) A pluralistic system invites many participants. B) It is business’s constitutional right to be involved. C) Business is a vital stakeholder of government. D) A and C, but not B.
answer

D) A and C, but not B.
question

An ad hoc coalition A) brings together groups in the same or a similar industry to attempt to pass legislation. B) Must register prior to engaging in direct lobbying. C) formed to change daylight savings time. D) None of the above.
answer

C) formed to change daylight savings time.
question

In a 200 Harris poll, what percentage of people polled believed that small business had too much political power? A) 5 percent. B) 76 percent. C) 44 percent. D) 19 percent.
answer

A) 5 percent.
question

Which of the following is not part of a corporation’s information strategy? A) Public Relations B) Lobbying C) Direct Communication D) Expert Witness testimony
answer

A) Public Relations
question

Global Crossing: A) failed despite being well connected politically. B) exposed the hypocrisy of the NPA and deep water drilling. C) became the first organization to bundle at least $50 million in an electoral cycle. D) Succesfully lobbied to be exempt from solar panel legislation.
answer

A) failed despite being well connected politically
question

To influence government policymakers’ actions, an information strategy involves: A) Business providing government policymakers with information through direct communications. B) Government policymakers hiring special interest groups for fact-finding projects. C) Businesses listening to government policymakers in order to develop a corporate strategy. D) Gaining support from other affected organizations.
answer

A) Business providing government policymakers with information through direct communications.
question

A common tactic in a financial-incentive political strategy is: A) Lobbying. B) Legal challenges. C) Expert witness testimony. D) Political contributions.
answer

D) Political contributions.
question

Which of the following is NOT a constituency-building strategy tool? A) Expert witness testimony. B) Advocacy advertising. C) Public relations. D) Legal challenges.
answer

A) Expert witness testimony.
question

Which group spent the most on lobbying in 2008? A) AARP. B) PG & E. C) Exxon/Mobil. D) The U.S. Chamber of Commerce.
answer

D) The U.S. Chamber of Commerce.
question

Lobbyists, under U.S. law, must disclose their: A) Earnings. B) Expenses. C) Earnings and expenses. D) Political affiliation.
answer

C) Earnings and expenses.
question

Which of the following is NOT true about Jack Abromoff: A) He was a former lobbyist. B) He received a six year prison sentence. C) He received a harsh sentence to serve as a deterrent for would be lawbreakers. D) All of the above are true.
answer

D) All of the above are true.
question

What prominent lobbyist pleaded guilty to fraud in 2006: A) Bruce Bereano. B) Fred Simmons. C) Jack Abramoff. D) Dennis DeYoung.
answer

C) Jack Abramoff.
question

Which of the following is not true about “temptation laws” A) It was passed at least partly in response to the Abramoff scandal B) Lawmakers are barred from receiving gifts. C) Common cause celebrated the law as “the first successful attempt at a lobbying law to close meaningful loopholes”. D) All of the above are true.
answer

D) All of the above are true.
question

Expert witness testimony is often provided: A) Through company newsletters. B) On the steps of the White House. C) In Congressional hearings. D) In the Wall Street Journal.
answer

C) In Congressional hearings.
question

This group, founded in 1972, consists of CEOs of major corporations: A) Better Business Bureau. B) League of Businessmen. C) Civic League. D) Business Roundtable.
answer

D) Business Roundtable.
question

Which of the following is true of the 2008 Presidential election: A) Barack Obama did not receive federal funds. B) Barack Obama raised more slightly less than double what John McCain raised. C) Ralph Nader was not eligible for federal funds. D) All of the above are true.
answer

A) Barack Obama did not receive federal funds.
question

Which of the following is true regarding Ford Motors and the 2008 bailout: A) Ford was deemed ineligible for the bailout. B) Ford rejected bailout funds. C) The CEO of Ford refused to testify in front of Congress. D) Prior to the bailout, Ford was in worse shape than Chrysler or General Motors.
answer

B) Ford rejected bailout funds.
question

Vernon Jackson . A) is a former Louisiana Congressman who was convicted of taking a bribe. B) was found guilty in 2009 of multiple charges, including money laundering. C) was the CEO of General Motors during the bail out period. D) was the highest paid lobbyist in 2008.
answer

B) was found guilty in 2009 of multiple charges, including money laundering.
question

What PAC raised the most in 2001-2002 and 2007-2008 A) National Association of Realtors B) American Trial Lawyers Associations. C) American Medical Association. D) National Association of Auto Dealers.
answer

A) National Association of Realtors
question

Which of the following is NOT true about advocacy advertising: A) They have been legal in the United States since 2008. B) Merck pioneered the use of issue advertising. C) It is also referred to as issue advertising. D) They generally focus on political issues as opposed to products.
answer

A) They have been legal in the United States since 2008.
question

Who or what generally leads a large company’s public affairs department: A) The CIO (Chief Information Officer). B) An appointed Senior Committee. C) A Senior Executive or V.P. D) A Deputy CEO.
answer

B) An appointed Senior Committee.
question

Which of the following was used to circumvent the soft money ban in the McCain-Feingold bill: A) 323c corps. B) 527 organizations. C) C-24s. D) Cipics.
answer

B) 527 organizations.
question

Which leader was NOT fingered by Transparency International for stealing from their country: A) Pol Pot. B) Ferdinand Marcos. C) Mohammed Soharto. D) Mobuto Seeko.
answer

A) Pol Pot.
question

What former New Jersey Senator stopped his campaign re-election bid in 2002 and subsequently became a lobbyist: A) Frank Lautenberg. B) Christine Todd Whitman. C) Robert Torricelli. D) Neal Peart.
answer

C) Robert Torricelli.

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