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Author Question: A problem that exists when naturally occurring incentives encourage sufficient numbers of people to ... (Read 97 times)

humphriesbr@me.com

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on: Jun 29, 2018
A problem that exists when naturally occurring incentives encourage sufficient numbers of people to act in a way that makes everybody worse off is called a
 
  A) zero-sum problem.
  B) cause-and-effect problem.
  C) collective action problem.
  D) trade-off.

Question 2

When people use all the relevant data and principles of economics to forecast inflation, they are making
 
  A) what is called a data-based forecast.
  B) an always accurate forecast.
  C) a mistake.
  D) what is called a rational expectation.
  E) an exaggerated forecast.


sailorcrescent

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


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