Recall the Application about housing prices in Cuba to answer the following question(s).Recent housing reforms in Cuba should give homeowners ________ incentives to repair their homes and therefore ________ construction of new homes.
A. more; decrease
B. more; increase
C. fewer; decrease
D. fewer; increase
Answer: B
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Suppose the supply of non-OPEC oil increases due to new petroleum discoveries in other countries. What happens to the price of oil on the world market?
A) Increases B) Decreases C) Remains the same D) We do not have enough information to answer this question.
A potential outcome
A) is the outcome for an individual under a potential treatment. B) cannot be observed because most individuals do not achieve their potential. C) is the same as a causal effect. D) is none of the above.
With the aging of the American population, it might be necessary to reduce the medical benefits to elderly. How do you feel about this idea?
What will be an ideal response?
Something that motivates or encourages people to take an action is referred to as a(n)
A) utility. B) abstract. C) market. D) incentive.