Assistance please implementation and enforcement of the seat belt law has resulted in an increase in the number of accidents. 1. which core principle is represented in this scenario(if any)? choose one deminishing returns people response to an incentive cost benefit analysis the suitation does not represent a core principle incentive principle cost,choice,opportunity cost scarcity, choice, opportunity cost compare the cost verses benefit in making decision adding more variable cost to a give fixed factor Explaination choose one deminishing returns people response to an incentive cost benefit analysis the suitation does not represent a core principle incentive principle cost,choice,opportunity cost scarcity, choice, opportunity cost compare the cost verses benefit in making decision adding more variable cost to a give fixed factor
Assistance please implementation and enforcement of the seat belt law has resulted in an increase in the number of accidents. 1. which core principle is represented in this scenario(if any)? choose one deminishing returns people response to an incentive cost benefit analysis the suitation does not represent a core principle incentive principle cost,choice,opportunity cost scarcity, choice, opportunity cost compare the cost verses benefit in making decision adding more variable cost to a give fixed factor Explaination choose one deminishing returns people response to an incentive cost benefit analysis the suitation does not represent a core principle incentive principle cost,choice,opportunity cost scarcity, choice, opportunity cost compare the cost verses benefit in making decision adding more variable cost to a give fixed factor
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Assistance please
implementation and enforcement of the seat belt law has resulted in an increase in the number of accidents.
1. which core principle is represented in this scenario(if any)?
choose one
- deminishing returns
- people response to an incentive
- cost benefit analysis
- the suitation does not represent a core principle
- incentive principle
cost,choice,opportunity cost- scarcity, choice, opportunity cost
- compare the cost verses benefit in making decision
- adding more variable cost to a give fixed factor
Explaination
choose one
- deminishing returns
- people response to an incentive
- cost benefit analysis
- the suitation does not represent a core principle
- incentive principle
- cost,choice,opportunity cost
- scarcity, choice, opportunity cost
- compare the cost verses benefit in making decision
- adding more variable cost to a give fixed factor
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