Social ethics exam

In nondemocratic countries, the power of government may derive from a monarchy, military dictatorship, or religious authority.

• True

• False

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

• True

• False

When a government orders companies not to conduct business in another country because of a war, human rights violations, or the lack of a

legitimate government; these orders are called

• Government bailouts

• Political sanctions

• economic sanctions

• Government stop orders

A plan of action taken by government to achieve some broad purpose affecting a substantial segment of a nation's citizens is called

• Fiscal policy

• Public goods

• Common laws

• Public policy

Past decisions of the courts, the original basis for the U.S. legal system, are called

• Common law

• Amendments

• Civil society

• Civil rights

By raising and lowering the interest rates at which private banks borrow money from the government, the Federal Reserve Bank influences

• The size of the nations money supply

• All of these choices are correct.

• The value of the dollar

• Investor confidence.

When the marketplace does not adjust for the full costs of a firm's behavior, this is called

• Deregulation

• Negative externalities

• Reregulation

• Market failure

If a company builds a complex infrastructure, which would be inefficient for a second firm to duplicate, the industry may develop into a

• Collaborative network

• Market failure

• Technology cooperative

• Natural monopoly

Regulation can be argued as justified based on

• virtue ethics and tradition

• Utilitarian and justice grounds

• The life cycle of regulation

• Collective market theory

Laws aimed at protecting consumers, the environment, and workers are collectively known a

• Economic regulations

• Social regulations

• The social contract

• The social network