Milton Friedman Argued That If a Company Decides to Spend

question 13

True/False

Milton Friedman argued that if a company decides to spend money for a social cause,it is in essence spending someone else's money for a general social interest.

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Definitions:

Unconditioned Stimulus

In classical conditioning, a stimulus that innately and automatically elicits a reaction without the need for previous learning.

Stimulus Generalisation

The tendency for the conditioned response to be evoked by stimuli that are similar to the stimulus that originally evoked the response.

Stimulus Generalisation

The process by which a conditioned response is triggered by stimuli that are similar but not identical to the original conditioned stimulus.

Fear Response

The instinctual reaction to perceived danger or threat, involving physiological changes like increased heart rate, aimed at preparing the body for fight or flight.