Clarice Must Choose Between Reading the Next Chapter in Her

question 101

Multiple Choice

Clarice must choose between reading the next chapter in her economics textbook or streaming the next episode of her favorite show.In her experience,she does well on exams,but even better when she reads the textbook.If she chooses to watch the show,what can be said of incentives?

• A) Adding a negative incentive (e.g. ,her parents block access to streaming services)would more likely result in Clarice choosing to read the textbook.
• B) Positive incentives are always more effective than negative incentives.
• C) Negative incentives are always more effective than positive incentives.
• D) Only marginal incentives play a role in this example.
• E) Clarice is motivated by the stronger of two negative incentives.

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Definitions:

Goods Recovery

The process of obtaining possession of goods that have been wrongfully taken or retained, often involving legal procedures.

Insolvent Buyer

A buyer who is unable to pay debts as they come due, or whose liabilities exceed their assets.

Good Faith

A principle that implies honesty, fairness, and integrity in the intentions or beliefs of a party, particularly during negotiations.

Bailment

The act of temporarily placing control or possession of personal property in the hands of another person, under agreement.