Author Question: An incentive is A) a reward or a penalty that encourages or discourages an action. B) when ... (Read 86 times)

Mr. Wonderful · **on:** Jun 29, 2018

An incentive is

A) a reward or a penalty that encourages or discourages an action.
B) when people make rational choices by comparing costs and benefits.
C) what you must give up to get something.
D) a choice is made on the margin.
E) a good or service that satisfies wants.

Question 2

Refer to Figure 13.2. If Oliver's political views place him at the L4 position and George's political views place him at the C4 position, Alice's preference for mayor is

A) Oliver Cousins.
B) George Glass.
C) Alice is indifferent between the two candidates.
D) Alice definitely does not like either candidate.