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Principles of Microeconomics

7th Edition
N. Gregory Mankiw
ISBN: 9781305156050

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BuyFindarrow_forward

Principles of Microeconomics

7th Edition
N. Gregory Mankiw
ISBN: 9781305156050
Textbook Problem

Why should policymakers think about incentives?

To determine

The importance of incentive in policy making.

Explanation

An incentive is something (reward) that encourages a person to act. The rational people make decisions by comparing the costs and benefits that they respond to incentives...

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