The originators of laissez-faire economic theory were Adam Smith and David Ricardo
Indicate whether the statement is true or false.
True
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"Bianca's walking out during her boss's talk was risky" expresses
A) a moral judgment. B) a prudential judgment. C) a legal judgment. D) an aesthetic judgment.
According to Keith Davis, in addition to considering potential profitability, a business must weigh the long-range
social costs of its activities as well. Only if the overall benefit to society is positive should business act.
a. True b. False
The ______________ suggests that no matter the balance between markets and
government, one element is still lacking—the need for a robust sense of ethics and responsibility in business and economic life. a. invisible hand model b. law and regulation model c. professional ethics model d. incentive-compatible institutional design
INSTRUCTIONS: Use an ordinary truth table to answer the following problems. Construct the truth table as per the instructions in the textbook. Statement 1I Given the following statement: (G • ? M) ? (M ? G) Statement 1I is:
A) Consistent. B) Logically equivalent. C) Tautologous. D) Contingent. E) Self-contradictory.