Edward Freeman argues that externalities, moral hazards, and monopoly power have led to more control of corporate decisions by
a. Capitalist values, like money-making
b. Socialist values, like collectivity
c. Internal stakeholders, like employees
d. Internal controls, like boards of directors
e. Outside forces, like the government
Answer: e. Outside forces, like the government
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The notion that the elite have a responsibility for the welfare of the masses is called ___________________
Fill in the blank(s) with correct word
Which of the following is NOT true?
a. Social regulation affects the conditions under which goods and services are produced and the physical characteristics of the products manufactured. b. Social regulation arose out of a concern for reducing public exposure to risk. c. Social regulation and economic regulation are interchangeable terms. d. Economic regulation focuses on markets, rates, and the obligation to serve.
Explain both sides of the issue of the privatization of government. Provide examples of ways privatization might make government more efficient and some of the unintended consequences of privatization.
What will be an ideal response?
When Congress passed a law that forbade anyone from carrying a gun near a school, the Supreme Court declared the law invalid because such behavior
A. was protected by the First Amendment. B. did not affect interstate commerce. C. was not proven to be dangerous. D. was jealously guarded by NRA lobbyists. E. was protected by the Second Amendment.