According to the Incentive Principle

question 48

Multiple Choice

According to the incentive principle:

• A) it is irrational to perform volunteer services.
• B) people will always take the highest-paying job.
• C) benefits are more important than costs in making a decision.
• D) people tend to do more of something when the benefits are greater.

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Definitions:

Affordable Housing

Housing options that are economically feasible for people within a certain income range, typically aimed at middle or lower-income households.

Rise in Homelessness

The increasing number of people who lack stable, safe, and permanent housing, often resulting from economic, social, and health-related factors.

Federal Low-Income Housing

Housing projects or subsidies provided or supported by the government to assist families, the elderly, and the disabled with affordable living conditions based on their income.

Two-Person Single Career

A spouse participates in the other’s career behind the scenes without pay or direct recognition.