Question

Florida schools offered cash bonuses to students who scored high on the state's standardized exams. The cash bonuses are motivated by which economic principle?

a) Marginal Utility
b) Diminishing Returns
c) Incentives
d) Elasticity

Answer 1

The cash bonuses offered by Florida schools for high standardized exam scores are motivated by the economic principle of incentives.

Step-by-step explanation:

Florida schools offering cash bonuses to students for high scores on state standardized exams are influenced by the economic principle called incentives. An incentive is something that motivates or encourages an individual to do something. In this case, the cash bonuses serve as a financial motivation for students to perform better on their exams, demonstrating that individuals respond to different types of incentives, including monetary rewards.