An Example of a Direct Positive Incentive Is

question 51

Multiple Choice

An example of a direct positive incentive is

• A) a prison sentence for committing a crime.
• B) unemployment insurance for those who are laid off.
• C) providing a workplace safety program.
• D) providing a commission for sales.
• E) threatening to fire those who do not perform well.

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Definitions:

Correct Actions

Appropriate or effective measures taken to achieve a desired outcome or resolve a specific situation.

Monopsony

A market situation where there is only one buyer for a product or service.

Labor Market

The supply of available workers in relation to available work.

Labor Supply Curve

A graphical representation showcasing the relationship between the wage rate and the quantity of labor workers are willing to supply.