Which principle underlies the economics of individual choices?

A) There are gains from trade.
B) Markets move toward equilibrium.
C) People usually respond to incentives,exploiting opportunities to make themselves better off.
D) Resources should be used as efficiently as possible to achieve society's goals.

Individual Choices

Decisions made by individuals based on their preferences and constraints.

Economic Incentives

Factors, often financial or material, that motivate individuals or businesses to pursue certain actions or behaviors.

Exploiting Opportunities

The act of taking strategic actions to capitalize on favorable conditions or circumstances to achieve desired outcomes.