After you have studied Economics in the News on pp. 368-369, answer the following questions. a. What

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After you have studied Economics in the News on pp. 368-369, answer the following questions.

a. What are the marginal private costs and mar ginal private benefits of social isolating?

b. What are the marginal social costs and mar ginal social benefits of social isolating?

c. Why don't people practise a high-enough degree of social isolating if left to make their own choices?

d. Thinking about incentives, how might a gov ernment enforce social-isolating rules?

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