Multiple Choice
Which statement is NOT a key principle of economics?
A) People follow incentives.
B) Productivity determines the standard of living.
C) Rational thinking requires perfect information.
D) Government can sometimes correct market failure.
Correct Answer:

Verified
Correct Answer:
Verified
Q88: Admission prices to Dollywood are $50 for
Q89: Economists generally do NOT define an institution
Q90: Which statement is TRUE?<br>A) Low productivity and
Q91: The highest valued alternative that is forgone
Q92: Specialization and exchange between two individuals generally
Q94: When the _ outweigh(s) the _ of
Q95: Explain the meaning of the phrase "People
Q96: Government intervention in the market is helpful
Q97: Which statement about incentives is TRUE?<br>A) Each
Q98: A recent decision regarding the Federal Reserve's