Examlex
Suppose Congress is attempting to pass a law that would require all manufacturing businesses in each state to adhere to a strict set of requirements, including cleanliness standards, gender equality in hiring practices, a higher minimum wage, and health benefits for part-time workers. The Supreme Court has ruled that this law violates the rights of the state to set such standards, since the cost of living and workforce differ from state to state. Which period of federalism is this decision best representative of?
Fiscal Year
A twelve-month period used for accounting purposes and preparing financial statements.
Measurable
Capable of being quantified or precisely assessed.
Social Responsibility Pyramid
A framework suggesting that businesses are responsible to their stakeholders in a hierarchical manner, starting from economic, legal, ethical, to philanthropic responsibilities.
Milton Friedman
was an American economist known for his strong belief in free-market capitalism and for being a leading proponent of monetarism.
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