What is Economics? 1. Read the following case and answer the question at the end of it:
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What is Economics?
1. Read the following case and answer the question at the end of it: Enron used to be "America's Most Innovative Company." However, Enron, as America's seventh largest company, was involved in the financial scandal in late 2001. Economists believe that "transparency" is critical to an efficient and healthy market. As a business partner of Enron, the Arthur Andersen accounting firm didn't disclose the accounting fraud. Why didn't the Arthur Andersen accounting firm uncover the fraud in the case of Enron?
Related Book For
Money Banking and Financial Markets
ISBN: 978-0078021749
4th edition
Authors: Stephen Cecchetti, Kermit Schoenholtz
Posted Date: