1) The Kyoto Protocol called for country-specific reductions in carbon dioxide emissions by:
a) 2005
b) 2010
c) 2008
d) 2006
2) Which of the following countries rejected the Kyoto Protocol?
a) Russia
b) India
c) China
d) Australia
3) The EPA was established in which decade?
a) 1950's
b) 1960's
c) 1970's
d) 1980's
4) How many employees did the EPA employ in 2008?
a) Over 4.500
b) Over 9,800
c) Over 17,000
d) Over 25,000
5) The federal government can seek both criminal and civil convictions of polluters from:
a) firms only
b) firms, investors and customers
c) firms and individuals
d) individuals only
6) What is the name of the account that was established to clean up toxic waste disposal sites?
a) Toxic Waste Cleanup Fund
b) Supertund
c) SuperiorFund
d) ToxWasteFund
7) Two complaints in terms of government's demands for cleaning up toxic wastes are:
a) time and cost
b) litigation costs and new standards for cleanup
c) litigation costs and retroactive liability
d) retroactive liability and time
8) Most of the costs of environmental protection are borne by:
a) private parties
b) government
c) business
d) all of the above
9) What is NIMBY?
a) Not In My Best Year
b) Not In My Backyard
c) Not In Money By Years
d) Not Involved More By Yards
10) A trademark produces what two values?
a) economic and political
b) economic and social
c) economic and public
d) social and private
11) Contracts are entered into to induce which refers to a change in behavior by a Part
a) assurances
b) reliance
c) common law
d) exchanges
12) Which two of the following are ex ante concepts?
a) conditions and statutes
b) reliance and inducements
c) duress and unconscionability
d) duress and contracts
13) Which industry highlighted in your text seems to struggle mightily with contract problems around research findings?
a) dairy
b) automobile
c) record
d) biotechnology
14) What ex ante approach is based on the principle that more complete contracts can be more efficient?
a) liquidated damages
b) duress damages
c) consequential damages
d) expectation damages
15) What are torts?
a) civil rights
b) civil wrongs
c) civil damages
d) private wrong through public statutes
16) All of the following are the basic elements of a tort except:
a) an injury
b) an action that causes harm
c) the breach of duty owed to the injured party
d) the breach of utilitarian ethics
17) Which of the following requires the balancing of the costs of injuries and the costs of care?
a) political efficiency
b) social efficiency
c) economic efficiency
d) technological efficiency
18) what is the leading online advertising services firm?
a) DoubleClick
b) Ads-are-Us
c) MonsterBoard
d) Webdesign
19) What is the stance of most business concerning legislating privacy rules for the Internet?
a) support strongly
b) opposed generally
c) neutral
d) lobbying for legislative passage
20) What are some of the components of self-regulation?
a) policies and practices of companies
b) certification by independent nongovernmental organizations
c) personal protection by individuals
d) all are components
21) What describes the European Union's approach to Internet privacy?
a) enacted a directive (law) that strongly protected privacy for personally identifiable information
b) decided to follow the lead of the US and not pass legislation
c) is considering strong legislation
d) believes that privacy is an individual matter
22) Confidence in the Internet is a public good, but the provision of that public good is subject to a _ _ problem.
a) network externality
b) standardization
c) free-rider
d) customization
23) Why do online retailers fight tax collection for their items?
a) it is too much of a bother
b) they do not want to do the state's work
c) it would be prohibitively expensive they contend
d) it would be too complex
24) According to eBay, what is the key to its success?
a) hard work
b) privacy
c) trust
d) money
25) eBay's lives in the shadow of public order.
a) public ordering
b) private ordering
c) flexible ordering
d) traditional ordering

Answer rating: 100% (QA)

1 a 2005 2 a Russia 3 c 1970s 4 c Over 17000 5 c firms ... View the full answer