Which of the following statements is true of incentives?
A) Incentives can be financial or moral, but not coercive.
B) Incentives can be financial or coercive, but not moral.
C) Incentives are designed to change behavior.
D) Incentives are always in the form of rewards.
C
You might also like to view...
In the long run in monopolistic competition, firms
A) can earn an economic profit. B) incur an economic loss. C) can earn zero economic profit but not an economic profit. D) shut down if they are earning zero economic profit. E) earn either an economic profit or zero economic profit.
An example of a time series data set is one for which the:
a. data would be collected for a given firm for several consecutive periods (e.g., months). b. data would be collected for several different firms at a single point in time. c. regression analysis comes from data randomly taken from different points in time. d. data is created from a random number generation program. d. use of regression analysis would impossible in time series.
Which of the following goods is most likely to be over consumed? Fish in:
A. a pet store B. the grocery store C. the ocean D. a fishery
Force that encourages people to start businesses and attempt to improve their material well-being
a. profit motive b. capitalism c. consumer sovereignty d. voluntary exchange