28
QuizMultiple Choice

Elasticity and Incentives

Question 28 • 2102320-Economics HONORS - Edgenuity Teacher

Which statement best describes incentives?

Answer
A
Incentives are mostly positive.
B
Incentives are mostly negative.
C
Incentives can be positive or negative.
D
Incentives are neither positive nor negative.

Explanation

An incentive is something that encourages or discourages a particular choice or action. It can be positive, such as a reward for doing something, or negative, such as a penalty for not doing it. Therefore, the best description is that incentives can be positive or negative.

AI-written and checked against the verified answer.

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