PRIN OF MICROECONOMICS
PRIN OF MICROECONOMICS
2nd Edition
ISBN: 9780393914085
Author: coppock
Publisher: Norton, W. W. & Company, Inc.
Question
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Chapter 1, Problem 1QR
To determine

Check whether the situation is positive incentive or negative incentive. 

Expert Solution & Answer
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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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