Asked by
Tommy Morris
on Dec 11, 2024Verified
Which of the following correctly describes the external benefit resulting from an individual's purchase of a winter flu shot?
A) The flu shot is cheaper than the cost of treatment when you get the flu.
B) The income of doctors increases when you get the flu shot.
C) The flu shot reduces the likelihood others will catch the flu.
D) The flu shot reduces the likelihood you will miss work as the result of sickness; therefore, you will earn more income.
External Benefit
Spillover effects that generate benefits for non-consenting parties.
Flu Shot
A vaccination that protects against the influenza virus, recommended annually to prevent flu-related illnesses.
Catch The Flu
Refers to becoming infected with influenza, a highly contagious respiratory illness caused by influenza viruses.
- Appreciate the contribution of externalities and public goods to economic efficiency.
Verified Answer
AZ
Learning Objectives
- Appreciate the contribution of externalities and public goods to economic efficiency.
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