Suppose One County in Missouri Decides It Wants to Reduce

question 48

True/False

Suppose one county in Missouri decides it wants to reduce alcohol consumption, so the county passes a law that raises the price of a bottle of beer by $1. As a result, people drive to other counties to drink alcohol, which results in an increase in drunk driving. This illustrates the principle that people respond to incentives.

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Definitions:

Corporate Citizen

Refers to a business seen as a member of society, which is expected to participate responsibly in the community and environment it operates within.

Voluntary Dimension

The aspect of social responsibility where businesses participate in charitable activities or philanthropy by choice rather than obligation.

Right to Be Heard

A consumer right that guarantees individuals the opportunity to provide feedback, complaints, or to be part of the decision-making process regarding products or services they use.