2. Most governments have a policy of not negotiating with kidnappers but relatives of kidnap victims do not have the same policy. which core principle is represented in the scenario (if any) choose: a. Cost-benefit analysis b. The situation does not represent a core principle c. Scarcity, choice and opportunity cost d. Diminishing returns e. Compare the cost versus benefit in making decision f. Incentive principle g. Scarce resources so choice has to be made h. People are responding to an incentive I. Adding more variable factor to a given fixed factor
2. Most governments have a policy of not negotiating with kidnappers but relatives of kidnap victims do not have the same policy. which core principle is represented in the scenario (if any) choose: a. Cost-benefit analysis b. The situation does not represent a core principle c. Scarcity, choice and opportunity cost d. Diminishing returns e. Compare the cost versus benefit in making decision f. Incentive principle g. Scarce resources so choice has to be made h. People are responding to an incentive I. Adding more variable factor to a given fixed factor
Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
ChapterST4: Keynes And Hayek: Contrasting Views On Sound Economics And The Role Of Government
Section: Chapter Questions
Problem 5CQ
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2. Most governments have a policy of not negotiating with kidnappers but relatives of kidnap victims do not have the same policy.
which core principle is represented in the scenario (if any) choose:
a. Cost-benefit analysis
b. The situation does not represent a core principle
c. Scarcity, choice and
d. Diminishing returns
e. Compare the cost versus benefit in making decision
f. Incentive principle
g. Scarce resources so choice has to be made
h. People are responding to an incentive
I. Adding more variable factor to a given fixed factor
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