According to Milton Friedman,which of the Following Is a Problem

question 143

Multiple Choice

According to Milton Friedman,which of the following is a problem with corporate social responsibility?

• A)Social responsibility comes with a high cost that is borne by company shareholders. 
• B)The time,money,and attention diverted to social causes undermine market efficiency. 
• C)Companies publicize socially responsible actions while they quietly pollute and mistreat the environment. 
• D)The marketplace will ultimately determine the importance of social causes.

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Definitions:

Economy

The system of production, distribution, and consumption of goods and services within a particular geographic region.

Interstate Commerce

Trade, traffic, or transportation involving the movement of goods or services across state lines within the United States.

Tariffs

Taxes imposed by a government on imported or exported goods to protect domestic industries from foreign competition or to generate revenue.

Economic Decisions

The choices made by individuals, companies, or governments regarding the allocation of resources, investments, and policy formulations to influence the economy.