When people decide whether or not to get a flu vaccination, they ignore the ________ and as a result ________
A) marginal private benefit; too few vaccinations are given
B) external benefit; too few vaccinations are given
C) private cost; too many vaccinations are given
D) marginal external cost; vouchers must be provided
E) social cost; too many vaccinations are given
B
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An equilibrium in which each player chooses its best strategy given the strategies chosen by the other players is called a Nash equilibrium
Indicate whether the statement is true or false
When the owners of a company hire full-time executives to make the day-to-day decisions, this __________ the __________ problem
A) alleviates; stockholder-lender B) alleviates; manager-stockholder C) exacerbates; stockholder-lender D) exacerbates; manager-stockholder
The idea behind a flat tax is to _____
a. cut taxes on high-income taxpayers b. to raise taxes on high-income taxpayers c. increase progressivity d. minimize the excess burden of the income tax
The amount that must be paid to an individual to get them to invest in the industry is
A) a normal rate of return. B) the explicit costs. C) reinvestment. D) financial capital.