When policymakers make policies that change the costs and benefits that people face, what is the...
When policymakers make policies that change the costs and benefits that people face, what is the result for society?
people ignore incentives
inflation occurs
government revenue is reduced
people's behaviour is altered
Homework Answers
Answer: (d)
People or consumers react to the government policies based on the potential costs and benefits associated with such policies.
Thus people behavior is altered policies are changed by the government. These policies can affect people negative or positively.
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