An incentive is a
A) need.
B) want.
C) reward for desired behavior.
D) resource.
C
You might also like to view...
Because GDP does not account for improvements in the quality of goods, the GDP calculation:
a. tends to overstate the true value of output in the United States. b. tends to understate the true value of output in the United States. c. provides an accurate value of output in the United States. d. provides the best measure of output in the United States. e. measures the value correctly because price changes always capture the value of quality changes.
For a firm that produces several products, the marginal cost of producing one product often depends on:
A. the level of demand for other products. B. the production level of other products. C. the price of other products. D. the quality of other products.
An opponent of monetary policy decisions by rule would point to which of the following as support of his case?
a. time inconsistency of policy b. flexibility to confront unforeseen circumstances c. political business cycle d. the ability to craft rules that account for all possible contingencies in advance
Majority voting may produce economically inefficient outcomes because it:
A. Does not always lead to fair results B. Requires everyone to vote and bear the costs C. Does not consider the strength of individual voters' preferences D. Does not provide benefits to everyone