What Is the Best Explanation of the Contradiction Contained in Hoover's

question 70

Multiple Choice

What is the best explanation of the contradiction contained in Hoover's approach to the depression?

• A) He authorized the use of federal funds to feed drought-stricken livestock, yet he rejected the use of federal money to feed impoverished farm families.
• B) He encouraged people to save, but his tax policies promoted spending.
• C) He sought to increase taxes, yet he argued in favor of deficit spending.
• D) He sought to reduce taxes, yet he argued that a balanced budget was essential.

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Definitions:

Discretionary Responsibility

The expectation for businesses or individuals to take actions that are not mandated by laws or regulations, but are considered ethically correct.

Ethical Responsibility

The duty to conduct oneself and make decisions according to a code of moral principles and values.

Economic Responsibility

The obligation of an organization or individual to make decisions that positively influence the economic well-being of society and stakeholders.

Moral Expectations

The ethical standards and behaviors that society believes individuals or organizations should adhere to.