Economics Professors Are Well Aware of the Importance of Incentives

question 80

Multiple Choice

Economics professors are well aware of the importance of incentives.Which of the following situations shows the use of a positive incentive?

• A) Students who show up late to class will not be allowed in the classroom.
• B) Students who do not have a doctor's note will not be allowed to take an exam at a different time.
• C) Students can choose whether they want to attend class-there is no attendance policy.
• D) Students can choose to get a higher grade by doing extra credit work.
• E) The professor decides to teach the class by reading out of the textbook to the entire class.

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Definitions:

Office Supply

Products and equipment used in offices, including stationery, furniture, and electronic devices.

Unsalable Inventory

Products that cannot be sold due to lack of demand, damage, or obsolescence.

Refund

A refund is the return of money to a purchaser following dissatisfaction with goods or services bought.

Packaging Process

The method and materials used to wrap or protect goods for distribution, storage, sale, and use.