implementation and enforcement of the seat belt law has resulted in an increase in the number of accidents. which core principle is represented in this scenario(if any)? Explanation 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
implementation and enforcement of the seat belt law has resulted in an increase in the number of accidents. which core principle is represented in this scenario(if any)? Explanation 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
Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
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
Chapter5: Difficult Cases For The Market And The Role Of Government
Section: Chapter Questions
Problem 7CQ
Related questions
Question
implementation and enforcement of the seat belt law has resulted in an increase in the number of accidents.
which core principle is represented in this scenario(if any)?
Explanation
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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