generally good at stability and regulation for the social good. Short-term wealth creation, self- reliance, win-lose philosophy Long-term wealth creation, synergy of sectors and selective partnerships, game theory Wealth creation never at other parties' expense, concern for the world we live, win-win solution None of the above a a. True b. False b 28. The active government tradition is associated with mercantilism, the economic theory that guided British policy toward colonial America. c. True b. False d. Please match the following government's 29. Currently the United States has over roles with their proper examples: 22. Service provider 23. Social architect 24. Safeguard against risk 25. Provider of infrastructure 3,000 counties a. True b. False 30. According to the lecture, the 2008/2009 economic crisis narrowed the gap between the most rich and the general poor, because both groups lost. a. True b. False a providing systems of transportation, communications, and waterways providing national parks and historical sites 31. According to the lecture, specific expectations of ethics do not vary by social roles. Judges and CIA spies are expected to have same moral principles. c. providing social security and a. True b. False bailouts d. providing public safety, libraries, and postal offices 32. According to Ni &Van Wart, Sarbanes- Oxley Act is a United States federal law enacted in 2002, as a reaction to a number of major corporate and accounting scandals. Part II True or False 26. According to the lecture, one difference a. True b. False between business and govemment is that business is under competence pressure while govermment is not. 33. Ben Bernanke, who was the US Secretary a. True b. False of the Treasury, played an important role in the 2008/2009 financial crisis. a. True b. False 27. Accepting the stereotypic or generalized sense of the strengths and weaknesses of the sectors as a given, the public sector is