Define Friedmanism.
What will be an ideal response?
Answer: Friedmanism is the theory that the sole responsibility of a corporation is to optimize profits while obeying the law.
Business
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If a country has very high tariffs
A) companies either do not serve the local market or set up manufacturing plants within the country to save on duties. B) companies do not serve the local market. C) companies set up manufacturing plants within the country to save on duties. D) companies will not serve the local market or set up manufacturing plants within the country to save on duties.
Business
A junk bond has a rating of B or less
Indicate whether the statement is true or false
Business