Suppose your provincial government encouraged new medical school graduates to take over rural and small town practices from doctors wishing to retire by paying both the new and retiring doctors $100,000.These doctors would be exemplifying the economic idea that
A) people are rational.
B) people respond to economic incentives.
C) optimal decisions are made at the margin.
D) equity is more important than efficiency.
Correct Answer:
Verified
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Q4: Economists assume that individuals
A)behave in unpredictable ways.
B)will
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A)how
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Q19: Consider the following statements:
a. Car owners purchase more
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