The Incentive Principle is an example of:
A)an economic decision-making pitfall.
B)over-estimating the benefits of an action.
C)a positive economic principle.
D)a normative economic principle.

Name: The Incentive Principle is an example of: A)an economic decision-making pitfall. B)over-estimating the benefits of an action. C)a positive economic principle. D)a normative economic principle.
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Question

Quizplus · Accepted Answer

The Incentive Principle predicts how people will behave. The Cost-Benefit Principle states how they should behave.

The Incentive Principle Is an Example Of