What negative externality does antibiotic use create?
A) With greater use of antibiotics, bacteria become increasingly resistant to them, thus increasing the likelihood of people dying from drug-resistant bacteria.
B) When drug companies increase the price of antibiotics, some people can no longer afford to buy antibiotics, putting them at increased risk of death.
C) The taxes on companies that produce antibiotics are passed on to consumers in the form of higher prices.
D) Because drug companies use very few workers in their production process, there is a larger than necessary demand for unemployment insurance and other social programs.
Correct Answer:
Verified
Q4: Which of the following statements is TRUE?
I.
Q5: An external cost is a cost paid
Q6: If the price of a good does
Q7: Suppose that the private cost of using
Q8: The price of antibiotics sends the wrong
Q10: Since the price of antibiotics does not
Q11: When patients or farmers choose whether to
Q12: A private cost is:
A) a cost paid
Q13: Which equation is TRUE?
A) private cost +
Q14: Which is an example of an external
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents