For Many Years,Congressman Ricardo Perez Has Called for More Government

question 311

Multiple Choice

For many years,Congressman Ricardo Perez has called for more government regulation of business."After all," the Congressman said recently,"businesspeople are ought to make a profit,not to create jobs or serve their customers.The government must pass more laws to require businesses to take the interests of consumers and workers into account." From these comments,it is clear that Congressman Perez:

• A)Agrees with the ideas of Thomas Malthus.
• B)Does not accept the "invisible hand" idea brought forth by Adam Smith.
• C)Is unaware of the fact that most businesses in the United States are owned by the government.
• D)Does not realize that government regulation is already the main determinant of business decisions in capitalist economies.

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Definitions:

Selectively Exaggerated

The deliberate overstatement or amplification of certain aspects while minimizing or ignoring others for specific impacts.

Machismo

A cultural attitude or behavior marked by strong or aggressive masculine pride.

Complex and Distorted

Describes situations or information that are complicated and not presented in a clear, accurate manner.

Ethnocentric Intergroup Attribution

The tendency to attribute positive behaviors and outcomes to one's own group and negative behaviors and outcomes to other groups based on ethnic or cultural biases.