All children have to be immunized against polio,measles,mumps,and other diseases.If you don't have enough money to pay for the immunizations,they will be provided free at the county health clinic.Which economic principle does this statement BEST represent?
A)People usually respond to incentives,exploiting opportunities to make themselves better off.
B)Resources should be used efficiently to achieve society's goals.
C)When markets don't achieve efficiency,government intervention can improve society's welfare.
D)Government policies can change spending.

Question

Quizplus · Accepted Answer

This statement represents the principle that when markets don't achieve efficiency, government intervention can improve society's welfare. The government is providing free immunizations to ensure all children have access to important healthcare, even if their families cannot afford it. This is an example of government intervention to improve public health and welfare.

All Children Have to Be Immunized Against Polio,measles,mumps,and Other Diseases