Reference no: EM132198816

Question: Which of the core principles

1) Scarcity, choice and opportunity cost,

2) cost-benefit analysis,

3) incentive principle,

4) diminishing returns) is expressed in the following statements? Support your choice.

(ii) Most governments have a policy of not negotiating with kidnappers but relatives of kidnap victims do not have the same policy.

Which of the core principles

(1) Scarcity, choice and opportunity cost,

2) cost-benefit analysis,

3) incentive principle,

4) diminishing returns) is expressed in the following statements? Support your choice.

(iii) From the dozen seeds you planted in a small flowerbed in front of your house, ten of them germinated and grew into plants. Liking how they look you planted another dozen seeds in the same bed. This time only seven of the seeds grew into plants.