ABC Company Knew That Its Customers Were Interested in Environmentally

question 97

Multiple Choice

ABC Company knew that its customers were interested in environmentally friendly business practices,so it began marking all of their products as environmentally friendly because they were made with all natural ingredients,even though ABC's plant was one of the worst polluters in town.The new term for this practice is

• A) deceptive advertising.
• B) greenwashing.
• C) environmental exploitation.
• D) virtual greening
• E) enviromarketing.

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Definitions:

Friedman And Phelps

Economists Milton Friedman and Edmund Phelps, known for their work on the natural rate of unemployment and the expectations-augmented Phillips curve.

Natural Rate

The long-term equilibrium rate of unemployment or economic output, unaffected by short-term fluctuations.

Constant

A fixed value or term that does not change in mathematical equations or scientific experiments.

Friedman And Phelps

Economists who contributed to the understanding of the relationship between inflation and unemployment, challenging the Phillips Curve concept.