STS 214 Quiz 4

15 Questions | Total Attempts: 56

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STS 214 Quiz 4

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Questions and Answers
  • 1. 
    Scharipo & Glicksman say that
    • A. 

      Congress has almost always rejected a cost-benefit analysis test

    • B. 

      Congress often imposes a cost-benefit test

    • C. 

      Congress has never imposed a cost-benefit test

    • D. 

      Congress has imposed a cost-benefit test, about half the time

  • 2. 
    According to Scharipo & Glicksman, pragmatic analysis reveals that 
    • A. 

      A purely economic approach to risk regulation should be mandatory

    • B. 

      A purely economic approach to risk regulation is simply impossible

    • C. 

      A purely economic approach to risk regulation would capture widely held social goals

    • D. 

      A purely economic approach to risk regulation would threaten widely held social goals

  • 3. 
    Scharipo & Glicksman say that the current risk regulation approach
    • A. 

      Balances the interests of risk creators and risk bearers, but not in the manner indicated by economic theory

    • B. 

      Balances the interests of risk creators and risk bearers precisely as required by economic theory

    • C. 

      Balances the interests of risk creators and risk bearers while simply ignoring costs

    • D. 

      None of the above

  • 4. 
    According to Scharipo & Glicksman critics of current regulation favor a cost-benefit standard, despite the impact of wealth on the level of protection, because
    • A. 

      They regard market transactions as being based on voluntary choices

    • B. 

      They do not care whether market transactions are voluntary or not

    • C. 

      They believe that market transactions can never be voluntary

    • D. 

      They believe the level of protection should be based on wealth

  • 5. 
    Scharipo & Glicksman say that because pragmatism addresses the world as it really exists. pragmatic risk regulation acknowledges
    • A. 

      Bounded rationality

    • B. 

      Public irrationality

    • C. 

      Political rationality

    • D. 

      Economic rationality

  • 6. 
    According Scharipo & Glicksman, existing risk reduction legislation satisfies pragmatic principles that regulations should
    • A. 

      Never allow costs to exceed should

    • B. 

      Reflect important relevant social norms and be formulated in light of bounded rationality

    • C. 

      Never take costs into account when dealing with human health risks

    • D. 

      Pay careful attention to political realitites

  • 7. 
    Scharipo & Glicksman say that the problem with efforts to calculate the costs and benefits of regulation is 
    • A. 

      High powered political interference

    • B. 

      Resistance to government rules on the part of ordinary people

    • C. 

      That they are often subject to substantial uncertainty because of bounded rationality

    • D. 

      That costs are imposed immediately while benefits appear only later

  • 8. 
    According to Scharipo & Glicksman, a number of studies have been done showing that the costs of regulation have been excessive. Scharipo & Glicksman say that
    • A. 

      These studies provide a dubious basis upon which to criticize the rationality of existing risk regulations

    • B. 

      These studies establish beyond doubt the high costs of existing regulations

    • C. 

      These studies are too ambiguous to allow any conclusions to be drawn

    • D. 

      None of the above

  • 9. 
    Scharipo & Glicksman say that the high aggregate costs of risk regulation cited by some critics obscures the fact that
    • A. 

      Risk regulations have a purely political purpose

    • B. 

      Risk regulations have had no actual impact on the economy

    • C. 

      Risk regulation appears to have generated aggregate benefits in excess of aggregate costs

    • D. 

      Risk regulations are actively supported by the industries subject to them

  • 10. 
    According to Scharipo & Glicksman, existing risk regulations
    • A. 

      Make a large positive contribution to economic welfare in the aggregate

    • B. 

      Have no substantial impact, positive or negative

    • C. 

      Imposed very hard to economic welfare in the aggregate

    • D. 

      Make a small, but noticeable, contribution to economic welfare in the aggregate

  • 11. 
    Scharipo & Glicksman say that a pragmatic approach to risk regulation
    • A. 

      Reject entirely the notion of agency discretion

    • B. 

      Trusts agency experts, thus eliminating the need for oversight

    • C. 

      Endorses deference to the exercise of agency discretion

    • D. 

      Fails to address the issue of agency discretion

  • 12. 
    According to Scharipo & Glicksman, political oversight of regulatory agencies can subvery the benefits of reliance on agency expertise and judgement is
    • A. 

      The overseeing entity overrides agency technical judgments

    • B. 

      The overseeing entity overrides agency political judgments

    • C. 

      The overseeing entity overrides agency economic benefits

    • D. 

      The overseeing entity overrides agency bureaucratic procedures

  • 13. 
    Scharipo & Glicksman say that insistence by the overseeing entity on comprehensive analytical rationality
    • A. 

      Will dramatically improve regulatory agency performance

    • B. 

      Is perfectly compatible with a pragmatic approach to regulation

    • C. 

      Can serve to mask the reviewing entity's own substantive biases

    • D. 

      Is simply irrelevant in the real world

  • 14. 
    According to Scharipo & Glicksman, the use of "appropriation riders" in Congress
    • A. 

      Helps to overcome sloppy regulatory agency analysis

    • B. 

      Represents legislative oversight at its worst

    • C. 

      Allows for greater popular input into regulatory decision-making

    • D. 

      Enhances the speed with which regulatory agencies issue their rules

  • 15. 
    Scharipo & Glicksman say that a system of judicial oversight that affords agencies relatively broaden discretion
    • A. 

      Is likely to produce regulatory abuses

    • B. 

      Is more consistent with a pragmatic approach to the implementation of risk regulation

    • C. 

      Is not consistent with a pragmatic approach to the implementation of risk regulation

    • D. 

      Is unworkable

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