Week 2 Econ.docx - People are self-interested-Smith...

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People are self-interested -Smith understood that people are greedy People respond to incentives -Change the costs and benefits of some action people will alter their behavior Surpluses and Shortages: the subject of entrepreneurial Price and quantity move in the same direction 1. At Campbell, Clemmons is having his tuition, fees, and basic fees covered, and he presumably living a comfortable economic lifestyle. If he were to play for the NBA, his
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