Those Who Support _________ Enforcement of Society's Interests Believe That

question 22

Multiple Choice

Those who support _________ enforcement of society's interests believe that coercion is the only way to ensure firms will behave in a way that is socially acceptable.

• A)voluntary
• B)mandatory
• C)firm-specific
• D)industry-wide

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Definitions:

Descriptive Economics

The branch of economics that focuses on describing the economies or economic events.

Post Hoc, Ergo Propter Hoc

A logical fallacy that suggests that if one event follows another, the first event must have caused the second.

Fallacy

A mistaken belief, especially one based on unsound argument or reasoning.

Inductive Reasoning

A method of reasoning in which general conclusions are drawn from specific observations or instances.