The most fundamental concept in economics is that
A) changes in incentives influence behavior in a predictable way--people will be less likely to choose an option as it becomes more expensive.
B) changes in incentives generally do not influence human behavior.
C) goods that are provided by government are free for society.
D) individuals generally do not consider other alternatives when making a choice.

Question

Quizplus · Accepted Answer

In economics, the concept of incentives is fundamental because it explains how people respond to changes in costs and benefits, influencing their choices and behaviors predictably.

The Most Fundamental Concept in Economics Is That