Econd
1
1. In this example, the benefits and costs of increased security measures are difficult to quantify. For example, in real life, it is difficult to know for certain the probability of intercepting terrorists; and it's also difficult to measure all the benefits of tourism, since many are intangible. (The article mentions, for instance, that people who visit the United States are more likely to have a favorable view of the country after their visit than before.) Does this mean that there isn't a tradeoff? What are the implications of such uncertainties for policymakers? 2. Suppose you were in charge of designing the border security policies for airports, seaports, and roadways in the United States. How would you go about finding the optimal level of security, the optimal level of commercial trade and tourism, and the optimal amount of sensitivity training for customs and immigration officials?.
-
Upload
xtinierme01 -
Category
Documents
-
view
28 -
download
3
description
Econd
Transcript of Econd
1. In this example, the benefits and costs of increased security measures are difficult to quantify. For example, in real life, it is difficult to know for certain the probability of intercepting terrorists; and it's also difficult to measure all the benefits of tourism, since many are intangible. (The article mentions, for instance, that people who visit the United States are more likely to have a favorable view of the country after their visit than before.) Does this mean that there isn't a tradeoff? What are the implications of such uncertainties for policymakers?
2. Suppose you were in charge of designing the border security policies for airports, seaports, and roadways in the United States. How would you go about finding the optimal level of security, the optimal level of commercial trade and tourism, and the optimal amount of sensitivity training for customs and immigration officials?.
