When the government prevents prices from adjusting naturally to supply and demand, efficiency is improved in the economy. ANSWER: F TYPE: T KEY1: D SECTION: 2 OBJECTIVE: 7 RANDOM: Y [cxviii]. A market economy cannot possibly produce a socially desirable outcome because individuals are motivated by their own selfish interests. ANSWER: F TYPE: T KEY1: D SECTION: 2 OBJECTIVE: 7 RANDOM: Y [cxix]. While the invisible hand cannot guarantee efficiency, it is better at guaranteeing equity.
Both theories are peculiar, if not simply unruly. The court has also employed theories not normal but, rather, as constitutional cover for dominance of the electoral system by corporations and by the wealthy. The first theory appeared in a 1976 decision by: Buckley v. Valeo, which abolished some campaign-finance reforms that came out of Watergate. The Court decided that most boundaries on campaign values, and some limits on donations, are illegitimate because “money is itself ” and the "quantity of expression"speeches. The amounts of money can't be limited, but in consecutive cases The conservative justices who had emphatically
In fact, like other professions, personal values come into play in the accounting decisions and judgments made by the decision makers, so full disclosure might mean different things to different people. Legal checklists have mandatory items, but the financial picture might still be vague or lack numbers to give an accurate financial representation of the company at any given time, as shown in the financial statements. For example, if it was totally “objective,” Enron’s accountant would not have been able to “cook” the books to make the company appear to be in a better financial position than it actually was. The accountant and other Enron professionals would not have ended up in court for fraud and the likes. Even though the accounting profession has guiding principles (GAAP), they are not absolute, but subject to human judgment and interpretation and, at times, the lack of compliance leads to fraud (e.g., Enron, WorldCom, and others).
The endorsement groups offer bribes and ask for unnecessary promises to the politicians running for office. The temptation of falling into these traps is monstrous. According to Obama, these politicians feel that if they do not accept these bribes or arguments then they will lose out on endorsement deals as well as votes. Taking endorsements are not bad in anyway. However, a company endorses a certain individual for reasons such as political similarities or to help promote their product.
“The Rebirth of Patronage: Have We Come Full Circle” Feeney and Kingsley (2008) states,“Patronage can be narrowly defined as the power to make appointments and distribute government jobs, especially for political advantage, but its social implications are much broader” (p. 167). Patronage can be used as an advantage for politicians who are running for any political office in order to win potential votes for their campaign. Most politicians are knownfor using different tactics like offering jobs, health care, and other issues that appeal to citizens. Will patronage divide or unite the United States? Patronage can have positive or negative effects on the United States while the merit system is against patronage and the spoils system is in
Despite the United States of America’s right to vote, a handful disagree that this freedom is properly applied. Henry David Thoreau’s “Resistance to Civil Government”, states, that the American government does provide avenues for change for dissenters, but these are often too slow and unreliable. Voting, for instance, is not as effective as Americans like to think. Thoreau affirms, “The character of the voters is not staked. I cast my vote, perchance, as I think right; but I am not vitally concerned that that right should prevail.
It succeeds in this as if a party is not representing the people in the way they said or are not fulfilling their promises then the people can choose another party who they think can represent them in a better way than the previous party. Elections also hold individual MPs to account as well based on their record, and example of this is the 2009 expenses scandal in which many MPs stepped down rather than face the verdict of the voters and so elections fulfil their purpose as they succeed at holding parties and MPs to account. However elections don’t fulfil their purpose as they are failing in the area of participation from the public as the level of turnout over recent times has gradually fallen as in the 2001 general election the turnout was 59.4%, is the lowest it has been since 1918. In the 2005 general election the turnout was 61.4% and in the 2010 general election the turnout
The Supreme Court ruled that it was unconstitutional because it did not give the presidential administrations the power to remove board members (Younglai et al., 2010). Another major con of SOX is the cost to comply with the audit requirement. Many lawmakers fear that these costs are pushing firms to move their operation oversees (Sarbanes-Oxley Act. (n.d.). Overall, SOX has caused companies to be more forthcoming with their financial data at the same time instilling more confidence from the public.
To try and prove these assumptions, the ad shows inserts of highly credible sources such as The Wall Street Journal, and Tax Policy Center to say that he will not give detail on what he will do to the middle class taxes, they say his plans will be forced to raise them. Although this is based on some truth, the ad is not completely based on all truth. I do not think that the ad is completely effective after the facts that have been found. It is because the main dispute on the raising of the middle class families is not completely true; it is what the Democrats think Romney will choose to do. But because Mitt Romney has not told exactly what he plans on doing, the main point of the ad is a
Occupy Wall Street’s Main goal is unknown, however; some of their goals include bank reform, more and better jobs, economic justice, and getting money out of politics. While the goals for their issues may be different, both movements are focused on money, politics, and how our tax dollars are being spent. While the Tea Party movement has turned into a political party, the occupy Wall Street movement is saying they do not want to be associated with any political parties. Moreover from the air, they both look alike, in that there is anger, they are demanding to be heard, and they have legitimate concerns said former Sen. Bob Bennett, R-Utah, whose 2010 re-election bid was hindered by the Tea Party opposing him. Both the tea party and occupy Wall Street movements have been dismissed as not being very important.