Which of the following is not an example of a group responding to an incentive?
a. Students attend class because of an attendance policy that reduces their grade for absences.
b. Consumers buy more of a product when it is on sale at a reduced price.
c. Universities offer fewer online classes when they generate more revenue than traditional classes.
d. Employees work harder to earn higher commissions.
c
Economics
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Households pay firms for goods and serivces. Firms supply households with goods and services. The purchase and supply of goods and services takes place in the
a) product market b) factor market c) after market d) traditional market
Economics
________ occurs when individuals conform to the decisions of others
A) Herding B) Anchoring C) Signaling D) Sniping
Economics