11.) What is the role of economists in guiding public policy? To adjust theories supported by data and understanding of incentives. To push for more government spending on social services. To predict the direction of the overall economy. 2 poin 12.) What is an example of a poorly designed incentive mentioned in the video? Giving state money for each student enrolled in public colleges and universities. Rewarding schools for the number of students that complete courses or earn degrees. Giving money to people for handing in rat tails to exterminate them. poin

Question

11.) What is the role of economists in guiding public policy? To adjust theories supported by data and understanding of incentives. To push for more government spending on social services. To predict the direction of the overall economy. 2 poin 12.) What is an example of a poorly designed incentive mentioned in the video? Giving state money for each student enrolled in public colleges and universities. Rewarding schools for the number of students that complete courses or earn degrees. Giving money to people for handing in rat tails to exterminate them. poin

Answer 1

11.) The role of economists in guiding public policy is to adjust theories supported by data and understanding of incentives. Economists use their knowledge and expertise to analyze economic data and develop theories that can inform public policy decisions. They also understand the incentives that drive human behavior and can use this knowledge to design policies that encourage desired outcomes.12.) An example of a poorly designed incentive mentioned in the video is giving money to people for handing in rat tails to exterminate them. This type of incentive is poorly designed because it does not effectively encourage the desired behavior (rat extermination) and may even promote harmful or unethical actions.

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