Which of the following is a guidepost to economic thinking?
A) The value of a good can be objectively measured.
B) Individuals should never make a decision without having complete information.
C) Incentives matter.
D) Goods are scarce for the poor but not for the rich.

Question

Quizplus · Accepted Answer

Incentives matter is a key guidepost to economic thinking, as it refers to the principle that people respond to incentives in predictable ways. This is a foundational idea that helps explain economic behavior and outcomes. The other choices are not necessarily guideposts to economic thinking, as they contain either incorrect or incomplete statements.

Which of the Following Is a Guidepost to Economic Thinking