Pursuing Creative and Innovative Ways to Solve Social Problems Is

question 37

Multiple Choice

Pursuing creative and innovative ways to solve social problems is called __________.

• A) social responsibility
• B) social entrepreneurship
• C) green innovation
• D) commercializing innovation

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Definitions:

Deadweight Loss

An inefficiency in the economy that results when the market equilibrium for a good or service isn't attained or is unattainable.

Tariff

A tax imposed on imported or, less commonly, exported goods with the aim of raising the cost to influence trade dynamics.

Domestic Consumers

Individuals or households within a country who purchase goods and services for personal use.

Domestic Producers

Local manufacturers or firms that produce goods within a country's borders for the domestic market.