Which of the Following Actions Is Consistent with the Basic

Which of the following actions is consistent with the basic economic postulate (the guidepost) that incentives matter?

A) Consumers buy fewer potatoes when the price of potatoes increases.
B) A politician votes against a pay raise for himself because most of his constituents are strongly opposed to it and would vote against him in the next election.
C) Farmers produce less corn because corn prices have declined.
D) All of the above.

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free