Tim Which of the following is not an example of a group responding to an incentive? Select one: O a. Universities offer fewer online classes when they generate more revenue than traditional classes. O b. Students attend class because of an attendance policy that reduces their grade for absences. O c. Consumers buy mone of a product when it is on sale at a reduced price. O d. Employees work harder to earn higher commissions.
Tim Which of the following is not an example of a group responding to an incentive? Select one: O a. Universities offer fewer online classes when they generate more revenue than traditional classes. O b. Students attend class because of an attendance policy that reduces their grade for absences. O c. Consumers buy mone of a product when it is on sale at a reduced price. O d. Employees work harder to earn higher commissions.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question

Transcribed Image Text:0- Principles of Economics 1 S1 21/22
Tim
Which of the following is not an example of a group responding to an incentive?
Select one:
O a. Universities offer fewer online classes when they generate more revenue than traditional classes.
O b. Students attend class because of an attendance policy that reduces their grade for absences.
O C.
Consumers buy mone of a product when it is on sale at a reduced price.
O d. Employees work harder to earn higher commissions.
Next
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps

Recommended textbooks for you


Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON

Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON


Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON

Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON

Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning

Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning

Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education