Asked by
Angus Donnelly
on Nov 17, 2024
Verified
To say people respond to incentives means that people may alter their decisions when the costs and benefits of an action change.
Incentives
Forms of motivation that aim to encourage people to perform actions or undertake activities by providing rewards or benefits.
Costs And Benefits
The analysis of a decision by comparing the expenses and disadvantages against the gains and advantages.
- Comprehend the effect that incentives have on personal and communal choice processes.
Verified Answer
CC
Learning Objectives
- Comprehend the effect that incentives have on personal and communal choice processes.