Consider the Following Statements

question 139

Multiple Choice

Consider the following statements:
a.Car owners purchase more petrol from a petrol station that sells petrol at a lower price than other rival petrol stations in the area.
b. Banks do not take steps to increase security since they believe it is less costly to allow some bank robberies than to install expensive security monitoring equipment.
c. Firms produce more of a particular DVD when its selling price rises.
Which of the above statements demonstrates that economic agents respond to incentives?

• A)b only
• B)c only
• C)a and b
• D)a, b, and c

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Definitions:

Selective Serotonin Reuptake Inhibitors

SSRI is a class of drugs typically used as antidepressants in the treatment of major depressive disorder and anxiety disorders.

Plasticity

denotes the capacity of the brain to change and adapt as a result of experience or injury, highlighting the brain's remarkable ability to reorganize itself.

Hormones

Chemical messengers produced by glands in the endocrine system that regulate various bodily functions and processes.

Neurotransmitters

Chemical messengers that transmit signals across a chemical synapse, from one neuron (nerve cell) to another target neuron, muscle cell, or gland cell.