Historically, the common law has required no action at all from those who witness a person in distress unless the bystander created the dangerous condition. The bystander has been free to walk away, laughing if he wished. This is called the "bystander rule." Some exceptions crept into the law, such as the duty of an employer to assist his worker. The legislatures of some states, such as Vermont and Minnesota, have passed statutes that reversed the common law rule. These so-called Good Samaritan laws place a duty on bystanders to come to the aid of someone in distress if it is reasonable to do so. They also incorporate a minor criminal penalty for failure to do so and immunity from civil liability for negligence. Our concern is with the legal obligation and potential liability of a private citizen coming to the aid of someone in peril. Our lesson also illustrates how a common law principle, honored by many generations of judges, can be overturned by a statute.

Watch this video clip from a Seinfeld episode. In this episode, Jerry, Elaine, Kramer, and George laugh as they watch someone being mugged and robbed and do nothing to help the victim. They are arrested and charged with violating the town's Good Samaritan law for their failure to come to the victim's assistance. Read the Minnesota Good Samaritan statute.

After reading the situation , explain your potential liability for her injuries and the liability of RiverNile, your employer. Consider the following issues. What might be the basis of her claims? What protection, if any, would the Minnesota Good Samaritan Law afford you and/or your employer? What defenses might you have? What might have been your liability if there were no Good Samaritan Law? Would you have gone to her aid if there were no Good Samaritan Law? Why or why not?

A Moving to another question will save this response. Question 5 Mechanism design is associated with Designing a better mechanism of distribution of welfare in a society. 0 Finding a general solution for any Nash game. O Connecting Economics with Mechanical Engineering Constructing games that are solving asymmetric information problems in society > Moving to another question will save this response.OPPORTUNITY COST WORKSHEET 3 Below, you are provided four points that lie along Canada's Production Possibilities Frontier between sweaters and shirts. You will use this information to construct Canada's PPF, and to examine how the opportunity cost of producing an additional unit of each good changes as you move along Canada's PPF. Point Shirts Sweaters (in thousands) (in thousands) A 0 210 B 90 180 C 150 90 D 180 0 Part 1: In the graph below, plot each of the four points listed above. Label these points A, B, C, and D. Construct Canada's Production Possibilities Frontier by connecting points A, B, C, and D. 210 Sweaters ( in thousands] 150 120 90 60 30 30 60 90 120 150 180 210 Shirts (in thousands) Part 2: Suppose that Canada increases its production of sweaters from 0 sweater to 90 sweaters. What is the opportunity cost of producing an additional sweater?Porientation Slides - Infred X FCON1 000 52 2019 Boston. R Lawobeswebdaw/pid-7126319-d1-content-nid-38231775_1/courses/2019 2_ECON1000_V1 1127 41_INT_679950/ECON10001420526202019%620Review-620342 25 Section B. Key Points: Behavioural Economics and Asymmetric Information [L5. Ch.5] Behavioural Economics How does behavioural economics differ to traditional economics? What are some examples of choice decisions under behavioural economics? Externalities What are the different types of externalities? - What is the difference between a negative & positive externality? Why does the market fail, and how can the government intervene to solve the 'market failure" Public goods // Common Resources non-rival & non-excludable // rival & non-excludable - the free rider problem // the tragedy of the commons Asymmetric Information in specific markets: e.g. car, insurance and/ or financial (credit) markets - Adverse Selection definition . examples Moral Hazard . definition examples Section B. Sample (part of a) Question and 3 Answers [ Behavioural Economics and mistakes we can make. 15. Ch. 51 90 Prison Home End TW FGQuestion 31 1 / 1 pts The process of interpreting information about another person is called what? .Social perception Intuitive perception None of these Interpretive perception Psychological perception 0 / 1 pts Incorrect Question 32 You have been introduced to several behavioral sciences. Which of them studies learned behavior over a long time? Micro economics Anthropology Sociology Behavioral economics . Psychology 1 / 1 pts Question 33 MacBook Pro