An inducement to take a particular action is called
A) the marginal benefit.
B) the marginal cost.
C) an incentive.
D) opportunity cost.
Correct Answer:
Verified
Q13: When an economist talks of scarcity, the
Q14: Scarcity can be eliminated through
A) exploration that
Q15: The study of economics
A) deals mainly with
Q16: Economics is best defined as the study
Q17: The problem of ʺscarcityʺ applies
A) only in
Q19: Economists point out that scarcity confronts
A) the
Q20: Economics is best defined as
A) controlling a
Q21: Which of the following is a microeconomic
Q22: In part, microeconomics is concerned with
A) factors
Q23: Studying the determination of prices in individual
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents