BAM 317

According to commentator Nicholas Kristof, the real welfare cheats in America are ______.

The proper balance between ________ remains the central public policy debate in American life.

The rapid creation and trading of ______ was a significant contributor to the collapse of the financial services industry, which triggered the Great ______.

4

Which of the following is true regarding socialism and capitalism?

5

The term "collectivism" embraces which of the following economic philosophies?

6

In his book, The Greening of America, author Charles Reich addressed the loss of ______.

7

China’s economic system is sometimes labeled ______.

8

In the context of economic systems, the "Third Way" refers to ________.

9

The 2010 Citizens United case allows ______.

10

According to a 2016 Oxfam study, for each dollar they paid in federal taxes between 2008 and 2014, America’s 50 largest companies received ______ in federal loans, loan guarantees, and bailouts.

11

The Business Roundtable, a group of the nation’s top chief executive officers, issued a statement of purpose in 2019 that

12

A father may be morally committed to saving his son from a burning building rather than saving another person who might do more total good for society. The action of the father would be primarily dictated by the ________ ethical system.

13

Sweden’s form of market socialism is also known as ______.

14

Teleological ethical systems are often referred to as ________.

15

German philosopher Immanuel Kant proposed the ______, the notion that every person should act on only those principles that he or she, as a rational person, would prescribe as universal laws to be applied to the whole of humankind.

16

In its 2010 _____ decision, the United States Supreme Court held that federal laws limiting corporate campaign contributions violated corporate _____ rights.

17

The United States Congress and the Trump administration dramatically changed America’s corporate tax profile in 2017 by enacting a ______ tax cut.

18

According to sociologist David Callahan, America is a nation increasingly falling into two groups: a _____ class and a(n) ______ class.

19

In the United States Supreme Court’s Citizens United decision, the four “liberal” dissenting justices argued that ______.

20

Deontology is derived from the Greek word deon, meaning ________

21

Which of the following economists was the most prominent advocate of the profit maximization view?

22

A(n) ________ ethical system emphasizes a duty directed toward what ought to be right.

23

Jenny is the chief executive officer of a company that has been affected by an economic downturn. She realizes that the only way for her company to remain in business during the period of recession is to cut costs drastically. She believes it would be better if all company employees took a 10 percent pay cut instead of laying off 10 percent of the workforce. She feels this is the correct decision, as it would benefit the company and all of its employees. Jenny’s approach is consistent with ______.

24

Which of the following is true regarding capitalists and socialists?

25

According to a recent survey cited in the textbook, what percentage of respondents believe that U.S. moral values are getting worse?

26

Which part of the United States Constitution provides that “The Congress shall have the Power to regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes”?

27

If a mentally incompetent person is unable to understand the purpose and effect of a contract but has not been legally adjudged insane, ________.

28

A free-market system cannot operate effectively and fairly without a reliable foundation in ______.

29

Which of the following refers to the bargained-for legal value that one party agrees to pay or provide to secure the promise of another?

30

Which of the following affords stability and predictability to the law?

31

Which of the following laws create, define, and regulate legal rights and obligations?

32

The three (3) traditional business forms include all of the following, except:

33

Agreements that are so thoroughly one-sided that fairness precludes enforcing them are known as _____ contracts.

34

Article I, Section 8, Clause 3 of the United States Constitution ______.

35

Which legal doctrine makes an employer liable for an employee’s acts?

36

Pollution is a characteristic example of a _____.

37

Intentionally causing another to reasonably believe that he or she is about to be the victim of a battery is a(n) ________.

38

The Preamble to the United States Constitution identifies which of the following societal goals?

39

Which of the following categories of law includes the judicial system and the rules by which it operates?

40

Which of the following is not a recognized stage of Tomain’s life cycle regarding government regulation of an industry?

41

At one point in time, Southerners and Northerners tended to have different views of federalism. Which of the following views was held by many Southerners around the time of the Civil War?

42

Former employers providing references for a job applicant are protected by a(n) _____ privilege.

43

If a business firm landscapes its grounds and develops a sculpture garden that benefits the firm but also benefits the neighborhood, that would be an example of a ______.

44

Which of the following is correct regarding a false light claim?

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45

Section 2-105 of the Uniform Commercial Code (UCC) defines goods as _____, _____ things.

46

Conflicts between federal law and state or local laws are most often resolved by reference to which of the following provisions of the United States Constitution?

47

When an individual's name or image is wrongfully used without permission for commercial purposes, it is called a(n) ________.

48

Which of the following elements are included in the basic test for establishing defamation?

49

The United States Constitution ______.

50

State authority to regulate commerce resides in the ______ specified by the United States Constitution.

51

The Wagner Act _____.

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52

The federal government generally uses the following data in combination with evidence of actual behavior to identify anticompetitive situations?

53

While delivering living-room furniture to a customer, Frank, a truck driver for Home Time Furnishings, Incorporated, rear-ended Jamison in an automobile accident. According to _____ reasoning, Home Time Furnishings, Incorporated will be liable to Jamison for his injuries.

54

Generally, an employer is liable on _____ grounds for hiring or retaining an employee whom the employer knew or should have known to be dangerous, incompetent, or dishonest, where that characteristic was directly related to the injury suffered by the plaintiff.

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55

According to the Equal Employment Opportunity Commission (EEOC), an employment applicant’s prior arrest alone _____ be used by an employer in making an employment decision.

56

A(n) _____ is generally hired to perform a specific task without an expectation of long-term continuous employment.

57

Employer liability for employee injuries, accidents, or wrongs is largely dependent on whether the employee was _____ at the time of the incident in question.

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58

Which of the following is correct regarding the Taft-Hartley Act?

59

The dominant legal test in determining whether a worker is an employee or independent contractor is _____.

60

Which of the following legislation provides that United States citizens working abroad for American-owned or American-controlled companies are protected from employment discrimination?

61

Which of the following sections of the Sherman Antitrust Act governs horizontal restraints of trade?

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62

Which of the following is correct regarding the Microsoft litigation?

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63

Which of the following is correct regarding the Landrum-Griffin Act?

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64

Which of the following is correct regarding disparate impact employment discrimination?

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65

Which of the following employer actions would not be regarded as an unfair labor practice according to Section 8(a) of the National Labor Relations Act (NLRA)?

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66

When competitors collude, conspire, or agree among themselves in ways that unreasonably harm competition, they are engaging in _____.

67

Diane, a human resource manager at a multinational corporation, discovers that one of the employees in the firm had misstated his education credentials. Diane can terminate the employee for _____.

68

Which of the following acts forbids monopolies?

69

Which of the following contains a set of provisions often referred to as the “Bill of Rights” for individual union members?

70

Which of the following federal agencies has the authority to issue regulations and guidelines as well as to receive, initiate, and investigate charges of employment discrimination against employers covered by federal antidiscrimination statutes?

71

Which of the following is a part of the general legal test for monopolization?

72

Which federal agencies are responsible for antitrust enforcement?

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73

Strong economic concentration can be efficient and a near necessity for international competition, but it can also lead to all but which of the following?

74

In which of the following cases did the United States Supreme Court forbid “separate but equal” schools?

75

Which section of the Sherman Antitrust Act forbids monopolization, attempts to monopolize, and conspiracies to monopolize?

76

The Clean Air Act of 1990 generally includes all but which of the following requirements?

77

Which of the following countries was not a newly admitted member of the World Trade Organization (WTO) in 2016?

78

Which of the following is simply an extension of a foreign corporation into the host country?

79

Which of the following is not correct regarding the Federal Trade Commission (FTC) and consumer privacy?

80

Which of the following elements must be proved to establish fraud?

81

In an attempt to limit online hate speech, lawmakers in which of the following countries led the West in demanding that Facebook enforce more restrictions on what its users are posting?

82

In the international context, ________ refers to jurisdiction to legislate.

83

The federal government has been willing to grant ________ to encourage solar installations, production of power from wind turbines, and purchasing certain new fuel-efficient cars, such as hybrids.

84

When a country seeks to apply its own laws to foreigners, the question is whether the country has ________.

85

Regarding the digital divide in the United States as of 2016, which of the following is correct?

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86

Which of the following is correct regarding Islamic countries?

87

When is a contract unconscionable?

88

Which of the following is incorrect regarding the Foreign Corrupt Practices Act (FCPA)?

89

Which of the following best states the purpose of the Federal Trade Commission (FTC)?

90

The ________, authorized by the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, is charged with writing and enforcing rules covering consumer financial products and services including mortgages, credit cards, payday loans, loan servicing, check cashing, debt collection, and others.

91

The Council on Environmental Quality (CEQ) was created by which of the following laws?

92

Regarding access to the Internet globally as of 2018, which of the following is correct?

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93

Which of the following consumer protection agencies in the United States is charged with protecting us from dishonest practices such as hidden credit card fees and misleading "teaser" rates for mortgages?

94

Regarding the Clean Water Act (CWA), which of the following is correct?

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95

Andrew sold a painting to Henry claiming it was an original Matisse. However, Andrew had recently bought the painting from an artist who specializes in reproducing original masters. When Henry showed the painting to an arts dealer, the dealer pointed out that it was a fake. Thus, Henry was a victim of ________.

96

What are the primary culprits for the digital divide in the United States?

97

Which of the following factors poses a problem in tackling environmental concerns?

98

Which of the following is the federal administrative agency charged with protecting consumers from the risks in using products such as toys, lawn mowers, washing machines, bicycles, fireworks, pools, portable heaters, and household chemicals?

99

The Clean Water Act (CWA) was designed to accomplish all but which of the following?

100

Which of the following is correct regarding lemon laws?

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