Economists are particularly adept at understanding that people respond to
A)laws.
B)incentives.
C)punishments more than rewards.
D)rewards more than punishments.

Question

Quizplus · Accepted Answer

Economists understand that people respond to incentives, whether they are positive or negative. Laws and punishments may be one type of incentive, but rewards can also be effective motivators. Overall, incentives are a key factor in influencing individual behavior and decision-making, and economists study these incentives to better understand how markets and societies operate.

Economists Are Particularly Adept at Understanding That People Respond to