EBK PRINCIPLES OF MICROECONOMICS (SECON
2nd Edition
ISBN: 9780393616149
Author: Mateer
Publisher: W.W.NORTON+CO. (CC)
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Question
Chapter 1, Problem 1QR
To determine
Check whether the situation is positive incentive or negative incentive.
Expert Solution & Answer
Explanation of Solution
When the instructor provides daily quizzes, the students will focus to prepare for the daily quizzes in order to avoid the negative impact. This will cause lower marks in the examination. Thus, this can be considered as a negative incentive.
Economics Concept Introduction
Negative incentive: Negative incentive refers to a situation where the people are discouraged from doing something.
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Chapter 1 Solutions
EBK PRINCIPLES OF MICROECONOMICS (SECON
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