An inducement to take a particular action is called
A) the marginal benefit.
B) the marginal cost.
C) opportunity cost.
D) an incentive.
Correct Answer:
Verified
Q7: People must make choices because
A) most people
Q8: An incentive
A) could be a reward but
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
Q13: The study of economics
A) focuses mainly on
Q14: Fundamental economic problems basically arise from
A) the
Q15: Economics is best defined as the study
Q16: Economists point out that scarcity confronts
A) neither
Q17: All economic questions are about
A) how to
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