Reference no: EM133021950

1.According to Runge a business will not contribute to a public good unless it has an assurance that its competitors will also contribute.

Select one:
True
False

2.The game-theoretic analysis of self-regulation acknowledges the divergence of the individual business's interests as a competitor in the market place and its interests as part of the wider community.

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True
False

3.Hardin's prisoner's dilemma and Runge's assurance problem are based on

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a.The same assumptions
b.Different assumptions about human motivation
c.Totally different assumptions

4.Maitland argues that in a liberal democracy all socially responsible behavior should be mandated by law.

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True
False

5.Maitland argues that in a market economy socially responsible conduct may place a business at a competitive disadvantage.

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True
False

6.Prisoners Dilemma and the Assurance problem are fundamentally problems about

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a.Collective action
b.Individual interests
c.Political agendas

7.Maitland argues that isolating businesses to achieve competitive markets does not limit their ability to consider factors other than profit.

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True
False

8.The advocates of self-regulation believe that we all would be better off if we could rely on corporate conscience to regulate corporate behavior.

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True
False

9.Olsen argues that since the availability of a public good is not contingent upon a business having contributed to that good each business has an incentive to free-ride.

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True
False

10.Maitland argues that advocates of self-regulation recognize the limits on managers' discretion in a market economy.

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True
False