According to Milton Friedman, Which of the Following Is NOT

question 90

Multiple Choice

According to Milton Friedman, which of the following is NOT a potential result of spending an organisation's resources on 'social good'?

• A)redistribution of assets
• B)reduced profits and dividends
• C)losses by employees
• D)reduced business costs
• E)lower sales

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Definitions:

Income Redistribution

A policy or process, often implemented through taxation and government spending, aimed at reducing economic inequalities by distributing wealth from the richer segments of society to poorer ones.

Minimum Wage

The lowest legally permissible amount that workers can be paid by employers, determined by country or state.

Petite Bourgeoisie

A social class characterized by small business owners, tradespeople, and the self-employed, often considered part of the lower middle class.

Class Conflict

is the struggle between classes to resist and overcome the opposition of other classes.