Which of the following concepts do economists focus their study on when explaining how humans behave?
A) fairness
B) money
C) emotions
D) incentives
E) justice

Name: Which of the following concepts do economists focus their study on when explaining how humans behave? A) fairness B) money C) emotions D) incentives E) justice
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Question

Quizplus · Accepted Answer

Economists focus on incentives when explaining how humans behave because individuals and organizations respond to incentives in predictable ways to maximize their self-interest.

Which of the Following Concepts Do Economists Focus Their Study