Economist Milton Friedman in the 1970s launched an entire school of economic thought that insisted that:

a. Corporations were morally obliged to contribute to the communities where they do business in order to create an equitable and sustainable society

b. The only social obligation of corporations was to increase profits for their shareholders

c. Corporations should develop relationships with stakeholders in order to improve business prospects

d. Corporations should promote educational opportunities for the poor

TRUE OR FALSE: Foreign direct investment is the approach that a business can reach the global market.

True or False. Nontariff barriers can be just as detrimental to free trade as tariffs.

How is a monetary policy rule helpful for understanding U.S. monetary policy?

a. Why does the Constitution place the Department of Defense under non-military control? b. How do the U.S Department of State and the CIA influence foreign policy?

What can cause the equilibrium price level to rise? What can cause the equilibrium quantity of goods and services (in the economy) to fall?

Alternatives to animal testing for cancer drugs A. do not exist B. exist but are prohibitively expensive C. exist and are not any more expensive than animal testing D. exist and are far cheaper than animal testing

True or False: Gold is an example of commodity money.

The slope of the total product curve is also known as the A. marginal product. B. marginal cost. C. average product. D. average revenue. E. profit.