The Incentive Principle States That a Person

question 141

Multiple Choice

The Incentive Principle states that a person:

• A)is more likely to take an action if its cost increases.
• B)is more likely to take an action if its benefit increases.
• C)should take an action if its cost increases.
• D)should take an action if its benefit increases.

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Definitions:

Lower Guinea

A historical term for a coastal area in West Africa, approximately in the region of the modern countries of Ghana, Togo, Benin, and Nigeria.

Islamic Religion

A monotheistic Abrahamic religion founded in the 7th century based on the Quran and the teachings of Prophet Muhammad as the last prophet of God.

Agricultural Techniques

Methods and practices used in farming and cultivation to improve crop yield, efficiency, and sustainability.