Asked by

Charles Barnes-white
on Oct 27, 2024

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Which method of discouraging speeding is likely to be MOST effective given that people usually exploit opportunities to make themselves better off?

A) increasing the number of signs stating the speed limit
B) increasing the fine associated with speeding tickets
C) public service announcements reminding drivers of the dangers of speeding
D) asking drivers to reduce speed

Financial Incentives

Monetary rewards given to influence behavior or encourage specific outcomes in individuals or organizations.

Public Service Announcements

Broadcast messages provided by the media to inform or educate the public on issues of public interest without charging the announcing party.

Speeding Tickets

Financial penalties imposed on drivers for exceeding the legal speed limit.

  • Understand how incentives influence behavior in economic contexts.
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marquis crawfordNov 03, 2024
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