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Using economic principles, describe the benefits and incentives associated with social distancing. What cost-benefit factors influence people's decisions regarding whether to breach the social distancing
- Using economic principles, describe the benefits and incentives associated with social distancing.
- What cost-benefit factors influence people's decisions regarding whether to breach the social distancing rules. (Hint: think about Becker's model, marginal benefits and marginal cost for breaching the orders
- Some state governments have decided to introduce possible jail time for breaching social distancing orders. What are the costs and [expected] benefits to society of incarceration
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