Kenneth Arrow argues that a. settled economic life requires ...

[mia]

Kenneth Arrow argues that
 
 

a. settled economic life requires purely selfish behavior.
  b. with ethical codes, there's no need for taxes, laws, or regulations as a way of controlling corporate behavior.
  c. ethical codes can contribute to economic efficiency.
  d. to be viable, ethical codes need not be widely accepted or part of corporate culture

Question 2

Kenneth Arrow discussed two important situations in which profit maximization can be socially inefficient. One of
  these occurs when

 
 

a. there is an imbalance of knowledge between buyer and seller.
  b. business would be an inept custodian of public values.
  c. firms are unwilling or simply refuse to maximize profits.
  d. corporate culture promotes dysfunctional social relations.

[Silverbeard98]

Answer to Question 1

c

Answer to Question 2

a

[mia]

YES! Correct, THANKS for helping me on my review

[Sarahjh]

Gracias!