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Incentives Video and Quiz
Source: Council for Economic Education (EconEdLink) | Type: Interactive Tool
This video teaches the concept of Incentives. An incentive is a cost or benefit that motivates a decision or action by consumers, workers, firms or other participants in the economy.
Grades:
Concepts:
- Cost/Benefit Analysis
- Decision Making
- Elasticity of Demand
- Government Failures/Public-Choice Analysis
- Incentive
- Property Rights
Standards:
- Economics 2: Marginal Cost/Benefit
- Economics 3: Allocation of Goods and Services
- Economics 4: Role of Incentives
- Economics 17: Using Cost/Benefit Analysis to Evaluate Govern
Related Resources:
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