Which of the following statements about economics is correct?
A) Economists do not believe that criminals behave rationally.
B) Economics has little to say about social issues.
C) Economists consider how rational people respond to incentives.
D) Economists assume that people don't respond to incentives.
Correct Answer:
Verified
Q3: The main difference between macroeconomics and microeconomics
Q4: The field of economics that focuses on
Q6: Microeconomics is concerned with issues such as
A)
Q9: Scarcity refers to the fact that:
A) some
Q11: Scarcity is BEST defined as when:
A) the
Q13: Reasons to study economics include all of
Q139: To say that economics is a way
Q229: Economists understand that people respond to
A) laws.
B)
Q277: Paying a salesperson more for increased sales
Q295: Economists tend to look
A) at costs but
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