Which of the following is the primary concept that economists use to explain how humans make decisions?
A) fairness
B) money
C) emotions
D) incentives
E) justice

Question

Quizplus · Accepted Answer

Incentives are the primary concept that economists use to explain how humans make decisions. People respond to incentives, whether they are positive (rewards) or negative (punishments). Understanding how incentives affect behavior is a key element of economic analysis.

Which of the Following Is the Primary Concept That Economists