Inducements to act in particular ways are called
A) collusive tactics.
B) incentives.
C) trade-offs.
D) opportunity costs.
B
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According to Keynes, the effect on planned real investment spending resulting from the interest-rate impact of a decrease in the money supply
A) impacts the economy through the multiplier. B) does not impact the economy. C) impacts the economy by reducing the value of the U.S. dollar. D) impacts the economy by increasing the deficit.
If Japan does not have a comparative advantage in producing rice, the consequences of adopting a Japanese policy of reducing or eliminating imports of rice into their country would include: a. making the price of rice in Japan rise
b. making the real incomes of Japanese rice producers rise, but the real incomes of Japanese rice consumers fall. c. making the real incomes of non-Japanese rice exporting countries lower. d. all of the above