Solved

When Economists Assume That People Are Rational and Respond to Incentives

Question 96

Multiple Choice

When economists assume that people are rational and respond to incentives, they mean:

A) people act in their own self- interest.
B) people act with kindness.
C) people are altruistic.
D) none of the above

Related Questions

Q15: A pie chart show the relationship between

Q49: Recall the Application about the incentives to

Q93: Which of the following is not a

Q95: Adam Smith is:<br>A) responsible for a branch

Q95: In a modern market economy,most of the

Q97: When after seeing the current mortgage interest

Q98: The factors of production include<br>A) labor.<br>B) entrepreneurship.<br>C)

Q101: A student has a D grade average

Q110: Give an example of something that is

Q128: Why are fast growing economies predicted to