Which of the Following Demonstrates How People Respond to Incentives

question 82

Multiple Choice

Which of the following demonstrates how people respond to incentives to make themselves better off?

• A)More students major in economics when they hear that salaries for economists are rising.
• B)Students are assigned dorm rooms through a lottery system.
• C)Students are encouraged to donate blood because it is the right thing to do.
• D)Students and faculty are encouraged to wear college apparel to support the college athletic teams.

Understand the implications of male health and lifestyle factors on fertility.

Understand the factors affecting the detection and spread of malignant tumors.

Grasp the distinctions in toxicity and safety between different substances and chemicals.

Recognize the importance of hygiene practices in preventing infectious diseases.

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Definitions:

Ratios

Quantitative relationships between two or more values, often used for financial analysis, to assess the performance, health, and prospects of a business.

Ledgers

Financial records that contain a detailed account of all the financial transactions of a business.

Accrual Basis

An accounting method where transactions are recorded when they are earned or incurred, regardless of when cash is exchanged.

Cash Basis

An accounting method where revenues and expenses are recorded when they are actually received or paid out, not when they are earned or incurred.