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Unformatted text preview: believe that this is a fine example as to how people may make a decision, but it does not always optimize their benefits. Companies create incentives so that their businesses can become more competitive and thus creating more revenue. Some governmental incentives that people have responded to lately have been the first time homebuyers credit where new homebuyers could receive up to $8000 and $6500 for repeat homebuyers. Banks offering low interest rates to entice people to borrow small loans, this way there is more of a chance that the borrower will pay it back in an short amount of time. Overall, I believe that it is sometimes unfortunate that incentives shape peoples decisions because sometimes people act only because they want to gain not because they truly want to do it but on the flip side governmental incentives may be able to stimulate the economy and also create jobs....
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This note was uploaded on 06/05/2011 for the course BUS 101 taught by Professor T.mcgee during the Spring '08 term at FSU.
- Spring '08