False. The actions of the company that are expected by society but are not specified by legislation are included in its ethical duties. The need that the company be environment friendly is one of the ethical responsibility criteria.
The company should be constantly mindful of its operations and how they impact the environment. It is the moral and ethical responsibility of every human and every business. A business that upholds the law is also a business that values social responsibility. The company is free to operate whatever it sees fit, but only within the confines of the rules set down by numerous laws, including labor, environment, and criminal laws.
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Answer:
The equilibrium level of output will be Y=2200
Explanation:
Comnsider the following formulas to solve the exercise.
1. Using the Expenditure approach to GDP,
Y=C+I+G
Y=200 + 0.75(Y-200)+200+300
Y=700+0.75Y-150
0.25Y=550
The equilibrium level of output will be Y=2200
Consumer demand, Opportunity cost