One of the foundational principles of the economic way of th…

One of the foundational principles of the economic way of thinking is that people respond to incentives.  Often, well-intentioned government policies have unintended consequences because of how the policy impacts incentives. With regard to income redistribution, how do taxes and transfers impact incentives?  What unintended consequences can we expect from these altered incentives?

You are called for a patient who has received an electrical…

You are called for a patient who has received an electrical shock. When you arrive, you find that the patient has struck a power pole with a motorcycle and has a power line lying across him. Which of the following components of the scene size-up is particularly relevant at this point?