Which of the Following Is a Principle Concerning How People

question 38

Multiple Choice

Which of the following is a principle concerning how people interact?

• A)Markets are usually a good way to organize economic activity.
• B)Rational people think at the margin.
• C)People respond to incentives.
• D)All of the above are correct.

---

Definitions:

Lawn Mower

A machine utilizing one or more revolving blades to cut grass to an even height, significant for maintaining lawns and gardens.

Antiques

Vintage items, often artistic or decorative, that have high value because of their considerable age and historical significance.

Garage Sales

Informal events where individuals sell their used goods, such as clothes, toys, and household items, directly from their garage or yard.

Collector

An individual who accumulates items of a specific type, such as art, books, coins, or memorabilia, often for personal interest, prestige, or investment.