The common arguments that are in favor of Corporate Social Responsibility (CSR) are:
Public image of the company.
Moral Justification.
Public Support for business.
Long run survival of the organization and the public both.
Common arguments that go against CSR are:
Ambiguity in business policies.
Moral Responsibility.
Shareholders' rights
Explanation:
Against
The public should perceive the company as their savior and not their enemy. CSR helps a company stay in the good books of the public. If a cigarette manufacturing company opens a profit free farm or a recreational park for the public, it will ensure the maintenance of a positive image.
Morally, when a company takes something from the public e.g their clean air, or clean environment, then morally the company is bound to give something in return e.g a water filtration plant.
CSR can lead the public to support the company during times of need. A company during tough times might get several volunteers if it is known to have given much to the public.
Co-dependence is essential for the survival of both the organization and the public. Companies excel if the public likes them. If a company has been known to have only take and never give, then the balance is disturbed.
Against:
Not every company has the resources or interest to focus on one problem. Therefore, ambiguous policies of different organizations lead to partial working on one social issue or environmental issue. it leads the problem to be partially solved and not completely eliminated.
Company might morally owe the public in some domain but might not have the resources to fix that particular problem. It may leave the company in a moral debt. In order to compensate, a company may go beyond its capabilities which will not result in mutual benefit. Only one party will be happy.
CSR activities require resources. A company has several stakeholders and all might nit agree to spending/donating their profits for CSR activities. This may sound 'selfish' but public doesn't always know what the stakeholders are going through. CSR in such a case may deprive a stakeholder from a fraction of his share of profit.
Answer: The price of the basket of goods falls in the U.S. and rises in Taiwan.
Explanation: Exchange rate is the price of a given currency when bought with another another,it is also known as the value of a currency when compared with others such as the United States Dollar. Various factors have been understood to be the cause of the rise and fall of Currency. This will include the value of a country's export and its balance of trade etc
When the price of the basket of goods falls in the United States and rises in Taiwan it will certainly cause the U.S. real exchange rate with TAIWAN to fall.
Answer:
a) resources are limited and efficiency implies that all resources are already in use
Explanation:
If production is efficient, it means that the economy is producing on the production possibility frontier and all resources are in use.
To produce one unit of a good, the economy has to forgo producing one unit of the other good.
I hope my answer helps you.
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