Which of the following is true? a. Human choice is generally not influenced by changes in incentives. b. Using scarce resources to meet one need reduces our ability to meet needs in other areas. c. The economic way of thinking stresses that good intentions usually lead to sound economic policy. d. What is true for the individual must be true for the group as a whole.

Which of the following is true? a. Human choice is generally not influenced by changes in incentives. b. Using scarce resources to meet one need reduces our ability to meet needs in other areas. c. The economic way of thinking stresses that good intentions usually lead to sound economic policy. d. What is true for the individual must be true for the group as a whole.

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter2: Scarcity And Opportunity Costs

Section: Chapter Questions

Problem 6E

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	a.	Human choice is generally not influenced by changes in incentives.
	b.	Using scarce resources to meet one need reduces our ability to meet needs in other areas.
	c.	The economic way of thinking stresses that good intentions usually lead to sound economic policy.
	d.	What is true for the individual must be true for the group as a whole.