Business EC-016

Front

Which of the following was one of government’s original roles in business: Ensuring a business’s profitability, Acting as a referee, Protecting the environment, Regulating technology?

Back

Acting as a referee

Front

One way in which government protects private property is to provide

Back

patents or copyrights.

Front

Government is involved in settling business disagreements through the use of

Back

courts

Front

Why does government set and collect taxes?

Back

To help pay the expenses of government

Front

One of the reasons that has caused government’s role in business to expand is that people's attitudes have changed.

Back

people's attitudes have changed

Front

What is the purpose of government regulation of business activities that might cause air or water pollution?

Back

To conserve the environment

Front

Determine whether the following statement is true or false: Government has become an active participant in the world of business.

Back

True; government produces goods and services.

Front

The goals of government are to protect the rights of individuals and businesses and to provide a stable environment, but the main goal of business is to

Back

make a profit

Front

Which of the following is a public good that is provided by government: New automobiles, Interstate highways, Marketing research, Private schools

Back

Interstate highways

Front

Government uses some of the tax money it collects from individuals and businesses to support public welfare programs. What is the benefit of these welfare programs to businesses in a private enterprise economy?

Back

Funds received by recipients are spent in businesses