Question

Identify a few examples of incentives that someone might encounter in his or her daily life. Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the box once to place a check mark. For incorrect answer(s), click the option twice to empty the box. Receiving five cents for recycling glass bottles checked Going grocery shopping unanswered Parking fines for illegal parking checked Meeting friends unanswered Tax breaks for 401(k) retirement contributions checked

Answer 1

Answer:

• Receiving five cents for recycling glass bottles
• Parking fines for illegal parking
• Tax breaks for 401(k) retirement contributions checked

Explanation:

Recycling is good for the environment and also means companies spending less because they wouldn't have to reproduce the recycle material from scratch. Paying a person money for recycling the glass bottles is an incentive that is meant to encourage them to do it more.

Not all incentives are positive however. Some are negative and aimed at reducing a behavior. Fining people for illegal parking is an example as the logic is that the offending party will think of the fines the next time they want to park illegally and refrain from it.

Offering tax breaks to a person in order to get them to save is an incentive because they are being offered to keep more of their money if they save more.