EBK PRINCIPLES OF MICROECONOMICS (SECON
2nd Edition
ISBN: 9780393616149
Author: Mateer
Publisher: W.W.NORTON+CO. (CC)
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Question
Chapter 1, Problem 1SP
(a)
To determine
Role of incentives to do something.
(b)
To determine
Role of incentives when the government announces of ‘sales tax holiday’.
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Describe an incentive your parents offered to you in an effort to influence your behavior
Which of the following statements about positive incentives is the most accurate?
They create additional taxes on behaviours.
They increase benefits and increase costs
They increase benefits or reduce costs.
They decrease benefits or increase costs.
An important trade-off you’re recently faced
Describe an incentive your parents offered to you in an effort to influence your behavior.
Chapter 1 Solutions
EBK PRINCIPLES OF MICROECONOMICS (SECON
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- Being able to make an item at a lower cost than anyone else can make it is an advantage? True or Falsearrow_forwardGraham decided to play football this year instead of getting a part-time job. Last year he made about $1,100 during football season. He also spends about $9 on eating out after each game. His team plays a 10-game season. What is his opportunity cost of playing football?arrow_forwardWhich of the following would be the least likely thing an economist would study? What new platforms are teens and young adults using to download music and movies? What is the effectiveness of a new $50 million government campaign to keep teens from vaping? What types of movies do children like to watch in the summer? What are the health effects of new energy drinks on young consumers?arrow_forward
- Describe an incentive your parents offered to you in an effort to influence your behavior. (I am a college student and only child)arrow_forwardWhich of the following is NOT a commitment device? Select one: a. A non-refundable advance payment to reserve a room at a resort. b. A manufacturer's 2-year agreement to fix, at no cost to you, anything that breaks on your computer. c. A pre-nuptial agreement that provides for a large penalty in the event a spouse has an affair. d. High fines for illegal parking on campus.arrow_forwardgive three examples of important tradeoffs that you face in your lifearrow_forward
- Identify three categories of opportunity costs that you will incur for getting a university degree.arrow_forwardTonight, you and your friends are planning to see Black Panther for which you have a $4 off coupon. Without the coupon, the ticket is $10. Once you are at the cinema, your friends now want to see Captain Marvel. Both movies start and end at the same time. Assume that you have nothing else to do. If you decide to see Captain Marvel with your friends, what is your opportunity cost?arrow_forwardEconomics promotes which of the following as the way to make the best decision? Continue an enjoyable activity until you are tired of doing it. Continue an enjoyable activity up to the point where its marginal benefit equals its marginal cost. Continue an enjoyable activity as long as you do not have to pay for it. Continue an enjoyable activity until you cannot afford to pursue it.arrow_forward
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