Chapter 11 (True/false)

Front 1

The ethical belief system of business in Canada can be most accurately characterized as collectivistic.

Back 1

False

Front 2

Industrial policy is any selective government measure that prevents or promotes changes in the structure of an economy.

Back 2

True

Front 3

The two forms of government regulations over business are political and economic.

Back 3

False

Front 4

Some indirect costs of government regulation are passed along to the final consumer, in the form of higher prices for goods and services.

Back 4

True

Front 5

The intent of deregulation was to remove government rules on certain industries, in order to allow freer competition.

Back 5

True