Individuals economize and respond predictably to
a. positive incentives, but not negative incentives.
b. negative incentives, but not positive incentives.
c. both positive and negative incentives.
d. neither positive or negative incentives.
c. both positive and negative incentives.
You might also like to view...
An inward shift of a nation's production possibilities frontier can occur due to
A) a natural disaster like a hurricane or bad earthquake. B) an increase in the labor force. C) a change in the amounts of one good desired. D) a reduction in unemployment.
When a country abandons a no-trade policy, adopts a free-trade policy, and becomes an importer of a particular good,
a. consumer surplus increases and total surplus increases in the market for that good. b. consumer surplus increases and total surplus decreases in the market for that good. c. consumer surplus decreases and total surplus increases in the market for that good. d. consumer surplus decreases and total surplus decreases in the market for that good.
Other things equal, ________ interest rates increase the government deficit because of ________ government interest payments.
A. low; higher B. low; lower C. high; lower D. high; higher
In the above figure, the total fixed cost curve is curve
A) A. B) B. C) C. D) none of the curves in the figure.