C-01-Q122mediumsingle_mcq
Nuru Mia decided to grow potatoes in 2020 because the price of potatoes was high in 2019. Which fundamental principle of economics is reflected in his decision?
Nuru Mia decided to grow potatoes in 2020 because the price of potatoes was high in 2019. Which fundamental principle of economics is reflected in his decision?
- aPeople respond to incentives
- bPeople face trade-offs
- cRational people think at the margin
- dTrade can make everyone better off