Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
which of the fallowing is the most accurate statement about the impact of business on society?
A)When busiensses earn a profit for their owners, they usually do so at the expense of the rest of society, which proves it is never a win win situation.
b) while businesses often improve the standard of living within a society, they can do little to improve the quality of life.
c) businesses often improve the qaulity of life but can do little to improve the standard of living of most people due to inflation.
d) businesses can have a positive impact on both the standard of living and quality of life within a society.
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