The Theory That the Sole Responsibility of a Corporation Is

question 59

Multiple Choice

The theory that the sole responsibility of a corporation is to optimize profits while obeying the law is known as:

• A) Monetarism.
• B) Friedmanism.
• C) Ordoliberalism.
• D) Keynesianism.

---

Definitions:

Higher Inflation

An economic condition characterized by a significant and rapid increase in the general price level of goods and services in an economy over a period of time.

Tax Cuts

Reductions in the amount of taxes imposed by the government on individuals or businesses.

Aggregate Supply

The total supply of goods and services that firms in an economy plan on selling during a specific time period.

Fiscal Programs

Government initiatives that involve expenditure and taxation decisions to influence the national economy.