Private markets will lead to a ________ vaccination rate because:
A. suboptimally low; the external benefit of being vaccinated would not fully be taken into account by decision makers.
B. suboptimally high; the external cost of being vaccinated would not fully be taken into account by decision makers.
C. socially optimal; price serves as a signal of marginal benefit and marginal cost.
D. inequitable; health care services should not be provided based on ability to pay.
Answer: A
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Which of the following is correct? The natural rate of unemployment
a. is a zero unemployment rate. b. has been steady at 3 percent over the past decade. c. is defined by Friedman as that rate of unemployment "in which everyone who wants a job can have a job." d. is the unemployment rate that exists in the long-run. e. None of the above
According to Alfred Chandler (1977), big business could be justified, at least in part, by the ability of large scale enterprises to take advantage of scale economies
Indicate whether the statement is true or false
Import quotas on sugar may cost consumers $2 billion per year. But this quota goes unchallenged because the $10 average annual cost per person is so small that probably not one voter in 200 knows the quota exists. This statement describes:
A. the voting paradox. B. the special-interest effect. C. the median-voter model. D. free-rider problem.
As the variable on the Y-axis falls the variable on the X-axis falls. The relationship between X and Y is said to be positive.
Answer the following statement true (T) or false (F)