Q.4 Microeconomics How incentives affect people’s behavior. The question: Does the seat belt law make people safer? You might talk about the role of incentives. The word "safer" meaning more safe is correct. In the most general terms, an incentive is anything that motivates a person to do something. When we're talking about economics, the definition becomes a bit narrower: Economic incentives are financial motivations for people to take certain actions. However, the discussion is focused on seat belt law and what are incentives surrounding it.
Q.4 Microeconomics How incentives affect people’s behavior. The question: Does the seat belt law make people safer? You might talk about the role of incentives. The word "safer" meaning more safe is correct. In the most general terms, an incentive is anything that motivates a person to do something. When we're talking about economics, the definition becomes a bit narrower: Economic incentives are financial motivations for people to take certain actions. However, the discussion is focused on seat belt law and what are incentives surrounding it.
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Q.4
Microeconomics
How incentives affect people’s behavior.
The question: Does the seat belt law make people safer? You might talk about the role of incentives.
The word "safer" meaning more safe is correct. In the most general terms, an incentive is anything that motivates a person to do something. When we're talking about economics, the definition becomes a bit narrower: Economic incentives are financial motivations for people to take certain actions. However, the discussion is focused on seat belt law and what are incentives surrounding it.
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