Lesson 7 - Assignment
Reading
- Read chapter
11 in the Heyne textbook.
- The Economics
of Public Issues: readings 19, 20, & 21
Tasks
- chapter questions
Answer
the questions in this individual problem set and submit your answers to the instructor.
- Heyne chapter
11 - questions: 1, 14, 29, 33, 37, and 39
Profit
and social responsibility
- Construct an
argument in support of Friedman's view of social responsibility.
- A firm is
profitable if it produces a product or service valued by consumers. Given
that profitable firms must benefit society to be profitable, why do some
extremists view profits in negative way?