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20 June, 14:06

Tasha's mother rewards her with $5 for every "A" she gets on a report card. Which economic concept is this an example of?

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  1. 20 June, 14:10
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    This is an instance of an extrinsic reward carried out through an incentive plan, to reinforce and support acceptable behavior. In business, an example of this would be increasing a worker’s wages according to a one’s productivity and output, via a pay rise or a bonus.
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