Because people respond to incentives,a. policymakers can alter outcomes by changingpunishments or rewards.b. policies can have unintended consequences.c. society faces a trade-off between efficiency andequality.d. All of the above.

Because people respond to incentives,a. policymakers can alter outcomes by changingpunishments or rewards.b. policies can have unintended consequences.c. society faces a trade-off between efficiency andequality.d. All of the above.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter2: Economics: Eight Powerful Ideas

Section: Chapter Questions

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Question

Because people respond to incentives,
a. policymakers can alter outcomes by changing
punishments or rewards.
b. policies can have unintended consequences.
c. society faces a trade-off between efficiency and
equality.
d. All of the above.

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