ECONOMICS
INCENTIVES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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If you buy one sandwich you get one free.
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Speeding ticket/fine
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Buy an ice cream cone and get your sprinkles for free!
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All children eat for free on Tuesday nights.
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Detailed explanation-1: -Earn a gift certificate to the school store or book fair 23. Earn a pass to the zoo, aquarium, or museum 24. Earn a trophy, plaque, ribbon or certificate 25. Earn an item such as a Frisbee, hula hoop, jump rope, paddleball or sidewalk chalk, which promote physical activity 26.
Detailed explanation-2: -Praise. While you shouldn’t reserve praise for giant achievements, you can definitely use words of encouragement as an incentive. Later Bedtime. Special Activities. Extra Electronics Time. Crafts. Coupons. Social Activities. Food. More items •26-Oct-2020
Detailed explanation-3: -Compensation incentives. Compensation incentives tend to cover some of the more basic incentive options. Recognition incentives. Reward Incentives. Appreciation incentives.
Detailed explanation-4: -Economic Incentives – Material gain/loss (doing what’s best for us) Social Incentives – Reputation gain/loss (being seen to do the right thing) Moral Incentives – Conscience gain/loss (doing/not doing the ‘right’ thing) 15-Jun-2014