crash course economics #1 - scarcity multiple - choice question the united states government wants more…

crash course economics #1 - scarcity multiple - choice question the united states government wants more people to become teachers, so they created a program where people who teach for at least 5 years can have their debt forgiven. when deciding if he wanted to become a teacher, mr. t considered this program as a potential benefit. what economic term best describes this program? microeconomics scarcity incentive opportunity cost

crash course economics #1 - scarcity multiple - choice question the united states government wants more people to become teachers, so they created a program where people who teach for at least 5 years can have their debt forgiven. when deciding if he wanted to become a teacher, mr. t considered this program as a potential benefit. what economic term best describes this program? microeconomics scarcity incentive opportunity cost

Answer

Brief Explanations:

An incentive is something that encourages a person to act. The debt - forgiveness program is designed to encourage more people to become teachers, so it is an incentive. Microeconomics is a branch of economics, not a specific program - related term here. Scarcity refers to limited resources. Opportunity cost is the cost of forgoing an alternative.

Answer:

C. Incentive