An incentive
A) could be a reward but could not be a penalty.
B) could be a penalty but could not be a reward.
C) could be either a reward or a penalty.
D) is the opposite of a tradeoff.
Correct Answer:
Verified
Q3: Scarcity exists because
A) society and people are
Q4: All economic questions arise because we
A) want
Q5: As an economic concept, scarcity applies to
A)
Q6: When an economist talks of scarcity, the
Q7: People must make choices because
A) most people
Q9: Economics is best defined as the science
Q10: Scarcity requires that people must
A) cooperate.
B) compete.
C)
Q11: Scarcity is a situation in which
A) people
Q12: An inducement to take a particular action
Q13: The study of economics
A) focuses mainly on
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