Complete Test Bank for Law, Business and Society, 13th Edition by Tony McAdams, Kiren Dosanjh Zucker, Nancy Neslund, Kari Smoker ; ISBN13: 9781260247794. (Full Chapters included Chapter 1 to 18)....
1. Capitalism and the Role of Government.
2. Business Ethics.
3. The Corporation and Public Polic...
Law, Business and Society
13th Edition by Tony McAdams
Complete Chapter Test Bank
are included (Ch 1 to 18)
** Immediate Download
** Swift Response
** All Chapters included
,Chap 01 13e Adams
1) In terms of United States public policy, the proper balance between open markets and
government intervention has been largely resolved.
⊚ true
⊚ false
2) According to philosopher and novelist Ayn Rand, big government suppresses individual
rights and personal freedom and improperly transfers wealth from the highly productive to
those who are less so.
⊚ true
⊚ false
3) The term individualism embraces communism, socialism and associated philosophies on the
left side of the political/economic spectrum.
⊚ true
⊚ false
4) Capitalism features economic cooperation and varying degrees of centralized control.
⊚ true
⊚ false
5) North Korea continues to practice communism.
⊚ true
⊚ false
6) Karl Marx felt that the pursuit of wealth and self-interest would erode society’s moral core.
⊚ true
⊚ false
Version 1 1
, 7) Socialism embraces totalitarianism while calling for aggressive government intervention to
correct economic and social ills.
⊚ true
⊚ false
8) Capitalists fear the "irrationality" of a society based on competition and unrestrained pursuit
of industrial growth.
⊚ true
⊚ false
9) Capitalists consider class distinctions a relic of the past and seek to diminish any class
differences.
⊚ true
⊚ false
10) Capitalists are convinced that problems of market failure mean that the free market is simply
incapable of meeting the needs of all segments of society.
⊚ true
⊚ false
11) To pay for its comprehensive welfare benefits, the United States takes 50.1 percent of its
national income in taxes, the highest rate of any industrialized nation.
⊚ true
⊚ false
12) In order to keep its economy healthy, Sweden has followed a policy of a comparatively low
corporate tax rate of 22 percent.
⊚ true
⊚ false
Version 1 2
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