Economic Incentives: Definition & Examples

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which one of the following is the best explanation of economic incentives?

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1. Which of the following are two general broad categories regarding economic incentives?

2. What's the opposite of an economic incentive?

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About This Quiz & Worksheet

This quiz and related worksheet gauge your knowledge of the various types of economic incentives. You will be quizzed on vocabulary related to economic incentives and asked to identify examples.

Quiz & Worksheet Goals

In these assessments you'll be tested on the following topics related to economic incentives:

  • Its definition
  • Categories
  • The opposite of this term
  • Common examples

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the related economics lesson
  • Defining key concepts - ensure that you can accurately define main terms, such as economic incentive
  • Distinguishing differences - compare and contrast concepts from the lesson, such as extrinsic and intrinsic incentives
  • Information recall - access the knowledge you've gained about two broad categories of economic incentives

Additional Learning

To learn more about economic incentives, see the related lesson titled Economic Incentives: Definition & Examples. The lesson will help you:

  • Define economic incentive and provide examples
  • Understand the differences between intrinsic and extrinsic incentives
  • Explain the opposite of economic incentives
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