If an Economy's GDP Falls,then It Must Be the Case

question 4

Multiple Choice

If an economy's GDP falls,then it must be the case that the economy's

• A)income and saving fall.
• B)income and market value of all production both fall.
• C)income falls and market value of all production rises.
• D)income rises and market value of all production falls.

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Definitions:

Corporate Responsibility

The ethical and moral obligation of companies to consider the impacts of their activities on stakeholders and the environment.

Shareholder Theory

The belief that the primary responsibility of a corporation is to maximize the wealth of its shareholders.

Utilitarianism

A philosophical theory that suggests the best action is the one that maximizes utility, usually defined as that which produces the greatest well-being of the greatest number of people.

Toxic Environment

Conditions in a workplace or other environment that are harmful to employees' or inhabitants' health, well-being, or performance, often due to dangerous chemicals or a hostile work culture.