To economists, it is obvious that if the cost of an activity rises, the amount of the activity will drop.
I am definitely against the death penalty on lots of different grounds,” said Joanna M. Shepherd, a law professor at Emory with a doctorate in economics who wrote or contributed to several studies. “But I do believe that people respond to incentives.”
NVDL: In the same way that if the cost of murdering goes up, murderers might murder less, if the cost of oil goes up (as it is), everything (since everything is based on oil) will be less.
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