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Does the corporate social responsibility go beyond just maximizing profit for investors?
Can a capitalistic market economy survive if corporations do not practice Social Responsibility? CSR includes responsibility to the community, employees, suppliers and investors. The late Nobel Prize winning economist Milton Friedman's position on this topic was that the only responsibility of corporation is to earn a profit for investors. He believed that their social responsibility was fulfilled by paying taxes, wages, etc.
But does CSR go beyond that Friedman's, position? What will be the consequences to the market free enterprise economy without CSR.?
Suppose there is a firm with two inputs of production, labor (L) and capital (K), with associated prices w and c, respectively. Also assume that the firm faces competitive input and product markets and that the two inputs are gross substitutes in pro..
q1. elucidate how higher saving leads to a higher standard of living. illustrate what might deter a policymaker from
q1. explain why wage rates might rise at joes quik print shop. if joe replaces his aging copy machines with state of
An increase in the supply of money in an economy could be caused by (choose all that apply): a. an increase in the discount rate. b. a decrease in the discount rate. c. an increase in the required reserve ratio. d. a decrease in the required reserve ..
Other things held constant, consumer surplus decreases as:
Tangents as a trigonometric function will be applied in our conversion of the Consumption Function in the Macro section of this course.
elucidate the effects of such expectations on the following variables today: output (Y), nominal interest rate (i), exchange rate (E), investment (I) and trade balance
Given stable demand and supply curves for product "X", we can expect a government-mandated increase in the price of "X" to: If the supply and demand curves for a product both decrease, we can say that equilibrium:
A flat tax plan allows individuals to deduct a standard allowance of $10,000 from their wages. Assume that the flat tax rate is 12%. Calculate the amount of income tax and the average tax rate if you were earning: $30,000 a year $60,000 a year
Consider a 2 × 2 two-player zero-sum game in which the possible outcomes for Player 1 are win (payoff = 1) or lose (payoff = -1). The win probabilities corresponding to each of the four action pairs are UL : 1/3 UR : 2/3 DL : 3/4 DR : 1/4 a) (2 point..
What is the purpose of criminal law? Explain how crimes are classified? Give two examples of white-collar crime. What do you believe the punishment should be for this crime?
What are the pros and cons of trade restrictions? What are the pros and cons of free trade? Which is better in your opinion?
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