The HPV vaccine protects against human papillomavirus (HPV) that causes cancer. It protects both the person getting the vaccine and the sexual partners of that person
To encourage the efficient number of people to be vaccinated the government could A) give producers a subsidy equal to the private marginal benefit.
B) give consumers a voucher equal to the marginal external benefit.
C) impose a tax equal to the marginal social benefit.
D) impose a tax equal to the marginal external benefit.
B
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The core values of development include
a. increasing income per person. b. reducing the inequality of income. c. the ability to meet basic needs. d. all of the above.
In a coin toss bet, where both heads and tails are equally likely, you win a $2 on heads but lose $1 on tails. The expected value of the bet is
a. $0.50 b. -$0.50 c. $1.00 d. $0.00
The "lemons model" predicts quality deterioration in the used-car market because
a. used cars require increasing maintenance. b. suppliers and demanders have different information about cars' quality. c. used cars are generally of a lower quality than new cars. d. people will usually buy new cars if they are available.
What do monopolistic competition, pure monopoly, and perfect competition have in common?
a. free entry b. long-run economic profits c. differentiated product d. price taking e. the rule of profit maximization