Consider the Following Statements

question 6

Multiple Choice

Consider the following statements:
a. Consumers buy more MP3 players from an electronics store that sells MP3 players at a lower price than other rival electronics stores in the area.
b. Schools take steps to increase security since they believe it is more costly to allow vandalism than to hire additional security guards.
c. Citrus growers produce more oranges when the selling price of oranges falls.
The statement above that demonstrates that economic agents respond to incentives is:

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

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Definitions:

Equal Rights

The principle that all people should be treated identically under the law and have the same political, social, and economic rights.

Races

Socially constructed categories that divide humans into groups based on physical characteristics, ancestry, or genetics, though biologically the concept of race has been debunked.

ABCs

An acronym referring to the basic elements or principles of a subject, or, in psychology, often used to denote the components "Affect, Behavior, and Cognition."

Intergroup Relationships

The interactions and connections between different groups of people, including aspects of conflict, cooperation, and social dynamics.