Think about each of the items in the list and explain how they affect incentives and might
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Think about each of the items in the list and explain how they affect incentives and might change the choices that people make:
• A hurricane hits Central Florida.
• The World Series begins tonight but a storm warning is in effect for the area around the stadium.
• The price of gasoline falls as the supply of oil increases.
• Economists expect hiring to increase.
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A hurricane hits Central Florida The hurricane affects the people in Central Florida and the consume...View the full answer
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