Question $3$

$0\mathrm{.}4$ pts

All of the following statements are false, EXCEPT:

The normative argument for the stakeholder theory of the firm says that the stakeholder view is simply a more realistic description of how companies really work.

The national financial crisis of $1819$ was triggered in large part by risky real estate.

The Patent Act of $1790$ established the United States Patent Office to oversee the patent application process.

The stakeholder theory of the firm argues that a firm's sole purpose is to create value for its shareholders.