The Role of the Government Can Explain Growth Differences Among

question 194

Multiple Choice

The role of the government can explain growth differences among countries. A government action that does NOT contribute to growth is:

• A) an active role in building infrastructure.
• B) significant cost sharing for higher education.
• C) excessive intervention in business practices and licensing.
• D) emphasis on research and development projects.

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Definitions:

SEC

The United States Securities and Exchange Commission is a federal body tasked with the enforcement of federal securities legislation and the regulation of the securities sector.

Incorporation by Reference

A method that allows a document to be legally part of another document by referencing it, instead of including the entire text of the referenced document.

Trust Indenture Act

A U.S. federal law that imposes standards and regulations for the issuance of corporate bonds and debentures.

Sarbanes-Oxley Act

A U.S. law enacted in 2002 to protect investors from the possibility of fraudulent accounting activities by corporations.