Incentives are used to describe how society behaves and reacts to events that involve an economical advantage.
- i.e. When Rizzo dropped the money on the ground, the higher the value the dropped, the more interested the people were and tried to take that money for themselves.
- If everyone expected Rizzo to drop the money every day, people would try to come earlier, come get seats in the front of the classroom in order to be closer to the money when it drops.
Q. How can economist levitate the issue from using gasoline and oil from jibbeitz to potholes?
- That oil and gasoline was going to be used to make another form of childhood memory. Regardless of putting them into jibbeitz or not, it would be used on other products that kids would constantly ask their parents to buy so that they can cherish it.
- No matter how much we try to prioritize the oil and gasoline for other types of products, the government shall always use it for a widespread of factories before we try to consider it for potholes.
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