________,Who Won the Nobel Prize in Economics When He Taught

question 90

Multiple Choice

________,who won the Nobel Prize in economics when he taught at the University of Chicago,advocated the theory of maximizing profits for shareholders.

• A) Benjamin Stein
• B) Milton Friedman
• C) John Maynard Keynes
• D) Adam Smith
• E) Arthur Laffer

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Definitions:

Burden-of-Proof

The obligation to prove one's assertion or claim, often used in legal contexts where one party must show evidence to prove their case over the other.

Reducing Power

The ability of a substance to donate electrons in a redox chemical reaction, thereby reducing another substance.

Evolutionary Theory

A scientific explanation for the diversity of life, proposing that organisms change over time through processes of natural selection and genetic variation.

Social Exchange Theory

A conceptual framework suggesting that human interactions are transactions aimed at maximizing benefits while minimizing costs.