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September 22, 2020

At the beginning of the class I told you that economics woul

At the beginning of the class I told you that economics would teachyou how to think, not what to think. Here is a chance for you todemonstrate what you learned about economic analysis. Click here to watch the video Two of the main topics we studied in this economics class wereopportunity cost and incentives. Choose one of the two topics below andrespond to the questions. The humorist, P.J. O’Rourke, said (tongue in cheek) that if wewant to stop drivers from tailgating we should weld 6” steel spikes inthe center of steering wheels pointing back at the driver.Why does he think this would reduce tailgating?Is his analysis based on opportunity cost or incentives? Explain. Someone once said that economics tells us that disease should not be 100% eliminated from the earth.Why would anyone think that disease should not be completely eliminated?Is this analysis based on opportunity cost or incentives? ExplainRead The Little Book of Economics,: Principles of Economics,

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