Which statement about economics is CORRECT?
A) Economists do not believe that criminals behave rationally.
B) Economists have little to say about social issues.
C) Economists consider how rational people respond to incentives.
D) Economists assume that people don't respond to incentives.

Question

Quizplus · Accepted Answer

Economists consider how rational people respond to incentives. This is a fundamental concept in economics, known as the Principle of Incentives. Economists assume that people respond to incentives, which drives them to make choices that maximize their own self-interest.

Which Statement About Economics Is CORRECT