Which of the following offers the best economic justification for subsidizing vaccinations for infectious disease on the basis of efficiency?
a. Vaccinations create a positive externality for society because they reduce the chances the scope of epidemics.
b. Vaccinations are a type of pollution that increase the chances and the scope of epidemics
c. A politician offering subsidized vaccinations may be able to get more votes from lower income people and get elected.
d. None of the answers above are correct.
a
You might also like to view...
Suppose the demand function for a good is expressed as Q = 100 - 4p. If the good currently sells for $10, then the point price elasticity of demand equals
A) -1.5. B) -0.67. C) -4. D) -2.5.
Describe how the moral hazard associated with welfare benefits can be reduced, and tell what other problems this creates.
What will be an ideal response?
The mainstream view among economists is that
a. society faces a tradeoff between unemployment and inflation, but only in the short run. b. society faces a tradeoff between unemployment and inflation, but only in the long run. c. society faces a tradeoff between unemployment and inflation, both in the short run and in the long run. d. no tradeoff exists between unemployment and inflation, either in the short run or in the long run.
Schumpeter and Galbraith believed that concentrated industries had lower rates of technological advances than less concentrated industries.
Answer the following statement true (T) or false (F)