If the Prices of the Factors Used to Produce a Good

question 55

True/False

If the prices of the factors used to produce a good change,both the demand curve and the supply curve of the good will shift.

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Definitions:

Whistleblowers

Individuals who report or expose any kind of information or activity that is deemed illegal, unethical, or not correct within an organization.

Corporate Social Responsibility

A business model that helps a company be socially accountable to itself, its stakeholders, and the public. By practicing corporate social responsibility, companies can be conscious of the kind of impact they are having on all aspects of society, including economic, social, and environmental.

Society

An organized group of individuals living together in a community, sharing customs, laws, and organizations.

Profit

The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.