Which of the following is TRUE of incentives?
A) Different people are motivated by different incentives.
B) Money is the only measure of incentives.
C) All of the people in a particular nation are motivated by the same incentives.
D) In economics, people are assumed to respond to disincentives instead of incentives.
A
Economics
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Throughout the post-World War II era, the importance of tariffs as a trade barrier has
A) increased. B) decreased. C) remained the same. D) fluctuated wildly. E) demonstrated a classic random walk with a mean-reversion tendency.
Economics
Decisions to buy or sell securities at the Fed are made by the:
a. Congress. b. Federal Open Market Committee. c. Federal Deposit Insurance Corporation. d. President's Council of Economic Advisors.
Economics