The Most Fundamental Services That Governments Provide to Firms Are

question 6

Multiple Choice

The most fundamental services that governments provide to firms are:

• A)the establishment of product and financial markets.
• B)the regulation of industries.
• C)the establishment of property rights and the enforcement of legal contracts.
• D)building infrastructure and monitoring managers.

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Definitions:

Empathy

The ability to understand and share the feelings of another person from their perspective.

Just-World Hypothesis

According to Lerner and Miller, people need to believe that the world is a just place where they get what they deserve. As evidence of undeserved suffering undermines this belief, people may conclude that victims deserve their fate.

Normative Influence

An influence to conform to the positive expectation of others, to gain social approval or to avoid social disapproval.

Modelling Effect

The process by which individuals learn behaviors, norms, or attitudes by observing the actions of others, often significant in social learning theory.