Which of the Following Actions Is Consistent with the Basic

question 205

Multiple Choice

Which of the following actions is consistent with the basic economic postulate (the guidepost) that incentives matter?

• A) Consumers buy fewer potatoes when the price of potatoes increases.
• B) A politician votes against a pay raise for himself because most of his constituents are strongly opposed to it and would vote against him in the next election.
• C) Farmers produce less corn because corn prices have declined.
• D) All of the above.

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Definitions:

Vertically

Pertaining to a direction or alignment that goes straight up and down, often used to describe hierarchical structures within organizations.

E-body Language

This term refers to the digital or electronic means through which non-verbal cues are communicated via technology, similar to traditional body language but in virtual environments.

Tension

A state of mental or emotional strain resulting from conflicting or challenging situations.

Tone

The general character or attitude of a place, piece of writing, situation, etc.