Two of the main topics we studied in this economics class were opportunity cost and incentives. Choose one of the two topics below and respond to the questions. The humorist, P.J. ORourke, said (tongue in cheek) that if we want to stop drivers from tailgating we should weld 6 steel spikes in the 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? Explain.
Looking for solution of this Assignment?
WHY CHOOSE US?
We deliver quality original papers |
Our experts write quality original papers using academic databases. |
Free revisions |
We offer our clients multiple free revisions just to ensure you get what you want. |
Discounted prices |
All our prices are discounted which makes it affordable to you. Use code FIRST15 to get your discount |
100% originality |
We deliver papers that are written from scratch to deliver 100% originality. Our papers are free from plagiarism and NO similarity |
On-time delivery |
We will deliver your paper on time even on short notice or short deadline, overnight essay or even an urgent essay |