An incentive
A) could be either a reward or a penalty.
B) could be a penalty but could not be a reward.
C) is the opposite of a tradeoff.
D) could be a reward but could not be a penalty.
Correct Answer:
Verified
Q4: All economic questions are about
A) what to
Q6: All economic questions arise because
A) we want
Q7: Scarcity is
A) when a child wants a
Q9: The most fundamental economic problem is
A) scarcity.
B)
Q10: Fundamental economic problems basically arise from
A) the
Q11: People must make choices because
A) there are
Q12: As an economic concept, scarcity applies to
A)
Q13: An inducement to take a particular action
Q14: Scarcity is experienced by
A) only the poor.
B)
Q16: Scarcity requires that people must
A) trade.
B) cooperate.
C)
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