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OABPOS1041 Quiz 1

OAB POS1041 Lesson 1: Introduction to Government

QuestionAnswer
The formal vehicle through which public policy is made and the affairs of state are conducted is the government
In politics the term "state" refers mainly to the governing body of a country or national territory, but it can also refer to a regional or local political territory, for example, the "State of California." True
Governing legitimacy is best earned when most of the citizens of a country don't trust the policies and actions of their government. False
Match the type of government to its appropriate description. You must get all choices correct to earn any credit; there is no partial credit. The information you need to answer this question correctly is located on Slide 3 of the Course Introduction lecture.
The type of government called a republic is a form of democracy in which citizens elect representatives to govern on their behalf
Which of the following statements is correct? Rule of law means all individuals and institutions of a society are subject to the laws of the country regardless of their power or status
When someone puts investment capital at risk in the private sector to start a business, their main purpose is not to make a profit, but instead to create jobs for others. False
Another way to describe a free market economic system is capitalism
The term "capital," as it relates to capitalism, refers to money and other assets used to make financial investments for profit
In a free market economic system, prices for goods and services are generally determined by business competition and supply and demand factors
Indicate whether you agree or disagree with the following statement: In reality, pure free market economic systems don’t exist anywhere because all governments intervene in the marketplace by regulating business activity to some extent. Agree
Indicate whether you believe the following statement is generally true or false: Strong supporters of the free market argue that too much government intervention and regulation reduces business competition and profitability, raises prices for consumers True
The current federal minimum wage law that requires employers to pay most workers at least $7.25 per hour is an example of government intervention in the economy. True
Determine whether you generally agree or disagree with the following statement: A command economy can be described as the opposite of a free market economy. Agree
The term "socialism" refers to an economy that is controlled and operated by the government for the benefit and "equality" of all of society
While capitalism has its critics because of the "greed" factor, many believe the profit motive, as capitalism's driving force, produces many positive results for society, including high levels of personal achievement, efficiency, innovation, quality, as w True
Democratic countries that blend socialist and free market economic policies to achieve greater economic security for all of their citizens are called social democracies
A prime characteristic of authoritarian-style governments is that their citizens are able to openly criticize their government when they disagree with its actions or policies without fear of the government taking action against them. False
An intentional course of action followed by government in dealing with some problem or matter of public concern refers to which of the following? Public policy
All of the following are examples of matters of public concern that might be addressed by public policy EXCEPT Deciding the price that buyers should pay for iPhones
Palm Beach State College, since it is operated by state government, funded by citizens' tax dollars, and open to all members of society, is an example of a private sector institution. False
A public sector employee is anyone who works for the government. True
In general, public sector organizations do not seek to make a profit on the services they provide, even though they may charge a fee to cover their operating expenses. True
The main purpose of private sector activity is for the benefit of the public good. False
Businesses operating in the free market economy seeking to earn profits, and anyone who works for those businesses, are part of the private sector
Created by: PBSC eLearning
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