QUESTION 11

1. Friedman refers to the following entities when describing, "informing"?

   		Google, Yahoo and Microsoft Search
   		FBI, NSA, CIA
   		Verizon wireless and AT&T
   		Higher education entitites

2 points

QUESTION 12

1. Which of the statements below is most accurate in distinguishing between power and force?

   		Power is authority and legitimacy whereas force indicates lack of power
   		Power equals control and force indicates power and influence
   		Force is authority whereas power indicates influence
   		Force allows you to have power over others

2 points

QUESTION 13

1. What is meant by the term Lobbying?

   		Special interests that try to influence decision makers
   		Private sectors pay the government for access to public officials
   		Corrupt politicians
   		An informal power relationship

2 points

QUESTION 14

1. What is meant by the term "revolving door"?

   		When lobbyist continue to visit the same public officials over and over again
   		Picking legislators to serve on committees that have something to do with the groups that lobby them
   		When high-ranking public officials are hired from the industries that they will regulate, and then later return to those same industries
   		None of the above

2 points

QUESTION 15

1. Which best explains the concept "economic growth"?

   		Concerned with raising taxes
   		Concerned with growing the population
   		Concerned with wealth enhancement (market productivity)
   		Concerned with reducing taxes

2 points

QUESTION 16

1. Which would not be one of the three economic development stategies?

   		Entrepreneurial strategies
   		Industrial recruitment
   		Privatization
   		Budgeting

2 points

QUESTION 17

1. In critiquing mercantilism, Adam Smith recognized what 3 factors that contribute to production?

   		Output, labor and land
   		Growth, development and industrial recruitment
   		Land, labor and capital
   		None of the above

2 points

QUESTION 18

1. An indicator of relative economic strength is called..

   		Sequestration
   		GDP
   		Recession
   		Monetary policy

2 points

QUESTION 19

1. Which is not a tool of economic development?

   		Federal resources
   		Health care
   		Ombudsman
   		Public borrowing

2 points

QUESTION 20

1. When one country is more efficient than another in a type of product or service and another country has an advantage in a second project. This is callled?

   		Absolute advantage
   		Free trade advantage
   		Comparative advantage
   		Mercantilism