1. Government-business relations are largely defined by the: (4) a. Complementar
ID: 452575 • Letter: 1
Question
1. Government-business relations are largely defined by the: (4)
a. Complementary roles
b. Cooperative roles
c. Conflicting roles
d. All of the above
e. None of the above
2. The U.S. model of government-business relations has shown a great deal of government intervention in private production of goods and services (i.e., government ownership), the heavy use of government strategies, and very little regulatory intervention. (5)
a. True
b. False
3. Summarizing common opinion among scholars such as Roger Porter, government-business relations in the U.S. has shown a pattern of: (6)
a. A large amount of public enterprise
b. Very weak anti-trust policies
c. A dominance of power in the President of the United States
d. Remarkable stability with respect to the economic, legal, and institutional framework
4. At the same time the Civil War was going on, Adam Smith published his landmark work, The Wealth of Nations, which laid the foundation of classical economics. (9)
a. True
b. False
5. A mercantilist approach, which advocated an active role of government, was strongly advanced in the early republic by: (9)
a. George Washington
b. Thomas Paine
c. William Burke
d. Thomas Jefferson
e. Alexander Hamilton
6. Proponents of neoliberalism (free market approach) include: (12)
a. Adam Smith, Milton Freidman, and Republicans generally
b. Adam Smith, Milton Freidman, and Democrats generally
c. John Maynard Keynes, and Milton Freidman
d. John Maynard Keynes and Bill Clinton
7. Because of the extent and severity of the global financial crisis of 2008, President George W. Bush responded in ways reflecting Keynesian theoretical underpinnings. (13)
a. True
b. False
8. In the ideal, (13/14)
a. Keynesian economics promotes economic stabilization via countercyclical actions—governmental saving in good times and spending in bad times
b. Supply-side economics encourages economic expansion, which lessens the relative value of debt
c. Both of the above
d. None of the above
9. Currently, the percentage of the workforce in the U.S. that is employed by government (at all levels) is approximate: (15)
a. 6.4%
b. 14%
c. 20%
d. 33%
10. Since the end of World War II, the greatest workforce growth has been in the federal government, followed by state government, with the least at the local government level. (15)
a. True
b. False
11. Government (all U.S.) has grown from approximately 23% of the economy in 1950 to currently (2012) being about: (17)
a. 22%
b. 26%
c. 34%
d. 41%
12. The gross federal debt is currently what approximate percentage of the GDP? (18)
a. 17%
b. 57%
c. 67%
d. Over 100%
13. High levels of government spending and the addition of government debt helped cause the Great Depression. (19/20)
a. True
b. False
14. What are the periods of greatest national debt (proportionate to the GDP), related specifically to periods of war? (20)
a. American Revolution and Civil War
b. Civil War and World War I
c. World War I and World War II
d. World War II and Iraq-Afghan War
15. Which of the following are generally thought to put pressure on society for the growth of government? (21)
a. Wars
b. Special interests seeking special assistance
c. The complexity of society
d. All of the above
e. None of the above
16. Because there are essentially no limits on government growth, government expansion is nearly unstoppable in modern societies. (21)
a. True
b. False
17. The two oldest roles of government, according to the text, are transportation and education. (21)
a. True
b. False
18. In colonial times all night watchmen were staffed by volunteers. (21/22)
a. True
b. False
19. When governments provide public education, the text calls that role: (22/23)
a. Safeguard against risk
b. Purchaser
c. Social architect
d. Service provider
20. One of the areas which is commonly thought of as a strength (dubbed ‘the good”) of government is: (24/25)
a. Requiring taxes
b. Creating monopolies
c. Providing economic stability
d. Preventing the collusion of power (manipulation by powerful interests)
21. Oliver Wendell Holmes famously quipped about taxes: “What is the difference between a taxidermist and a tax collector? The taxidermist takes only your skin." (28)
a. True
b. False
22. When government is given nearly impossible tasks, or is widely attacked on arguments not based on facts, in the text it is called “the ugly.” Which of the following was one of the examples used? (27/28)
a. Government corruption
b. Public welfare
c. Prisons
d. Wars
23. Although the promotion of business interests is a substantial role, the text does not place it in the top three most important roles. (30)
a. True
b. False
24. Private sector reform comes solely through the dynamics of the market. (30)
a. True
b. False
25. Market forces are not as significant for government as they are for the private sector, but are nonetheless significant. (31)
a. True
b. False
26. Deregulation of the savings and loan industry in the 1980s is an example of a highly successful reform initiative sponsored by government. (32)
a. True
b. False
27. Pressures for government reform come from: (31/32)
a. Competitive forces such as for high quality workers
b. Congressional oversight and budgetary cuts
c. Executive oversight
d. All of the above
e. None of the above
28. Which of the following is not identified as a generic type of government reform as discussed by Paul Light? (31/32)
a. Improvements in efficiency
b. Preventing waste such as negligence or fraud
c. Providing fairness to employees, citizens, and taxpayers
d. Encouraging high-performance
e. Cutting taxes
29. Government is the forum for social regulation. It also must reform itself. The creation of the Inspector General Act is an example of government reforming itself. (32/33)
a. True
b. False
30. Altogether, the U.S. has approximately how many governments? (33)
a. 51
b. 435
c. 37,000
d. 89,000
e. .25 million
31. In the US, the growth in the number of governments has largely been fueled by the increase in school districts. (33)
a. True
b. False
32. Education spending, a part of the “discretionary” budget, represents approximately 25% of the overall federal budget. (34/35)
a. True
b. False
33. Approximately 45% of the federal government budget goes to individual entitlements. (35)
a. True
b. False
34. In California State government, the largest category of spending is for health care. (36)
a. True
b. False
35. The correct order of spending priorities for California local government, going from largest to smallest is: (36)
a. Education, health care, pensions
b. Health care, protection, education
c. Education, interest on the debt, transportation
d. Welfare, protection, health care
Explanation / Answer
1.
Government-business relations are largely defined by cooperative roles.
This is because the government sector has to fully support and cooperate with the business sector. The business sector is the biggest input of capital and money in any country. The government and private sector always work hand-in-hand to benefit the society as well as itself.
Thus, the correct answer is option b. cooperative roles.
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