Although College Graduates Would Prefer to Work for Socially Responsible

question 238

Multiple Choice

Although college graduates would prefer to work for socially responsible companies,

• A) they would not consider less pay to do so.
• B) they are not interested in companies that spend resources for corporate social initiatives.
• C) they are not in agreement as to what it means to be socially responsible.
• D) they favor Milton Friedman's philosophy on the subject.

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Definitions:

Public Choice Theory

An economic theory that studies how public sector decisions are made, considering individuals in the public sector as self-interested agents and applying the tools of economics to political science.

Government Decision Making

The process by which governments choose between different policies, actions, or strategies to address specific public issues or problems.

Rent-Seeking Behavior

The actions by persons, firms, or unions to gain special benefits from government at the taxpayers’ or someone else’s expense.

Public Choice Theory

An economic theory that applies principles of economics to political science, analyzing how public decisions are made and the behaviors of voters, politicians, and bureaucrats.