People Respond to Incentives

question 15

Multiple Choice

People respond to incentives

• A) by ignoring negative incentives and responding to positive incentives only.
• B) only when they are irrational.
• C) by calculating their individual costs and benefits and determining which is greater.
• D) when they have low incomes.

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Definitions:

Master Control Relay

A primary relay used within a control system that can shut down or enable operation of various parts of the system, acting as a safety and control element.

Override Instruction

A command that temporarily bypasses the normal operation of a system or component, allowing manual control.

PLC Instructions

Instructions used within a Programmable Logic Controller (PLC) to execute specific logic, control, and processing tasks.

JMP Instruction

In computer science, it refers to the Jump instruction in assembler or machine language that causes the program to continue execution from a different location.