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Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498 Exercise 5
Hand washing has external health benefits, helping prevent the spread of communicable diseases. If a program were somehow devised so that people got paid a small reward every time they washed their hands, how would it affect the number of people who are sick at any given time?
Explanation
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Private cost:
The private cost is an in...
Economics 1st Edition by Dean Karlan,Jonathan Morduch
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