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Your health club is offering a free one-year membership for the person who attends the most yoga classes in March.This results in more people attending yoga.Which economic principle does this statement BEST represent?
A) The true cost of something is its opportunity cost.
B) People usually respond to incentives,exploiting opportunities to make themselves better off.
C) There are gains from trade.
D) Markets move toward equilibrium.
Economic Principle
A widely accepted theory or law that guides economic analysis and decision-making.
Yoga Classes
Organized sessions where individuals practice yoga, a discipline that includes breath control, meditation, and specific bodily postures for health and relaxation.
Free Membership
A scenario where individuals can join an organization or access services without having to pay any fees.
- Comprehend the way in which incentives shape behavior within economic environments.
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Learning Objectives
- Comprehend the way in which incentives shape behavior within economic environments.
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