The Centers for Disease Control and Prevention (CDC) wants at least 90 percent of the population vaccinated against preventable diseases, since the chance of a disease outbreak decreases as vaccine coverage increases. We can conclude that:
A) the external benefits of vaccination likely decrease as more and more people are vaccinated.
B) the private benefits of vaccination increase with vaccine coverage.
C) vaccines create a negative externality once the vaccine covers 90 percent of the population.
D) vaccines create a positive externality once the vaccine covers 90 percent of the population.
Correct Answer:
Verified
Q27: Figure: Efficient Market Outcome Q28: Which of these statements is TRUE in Q34: Q35: Which of the following is an example Q38: Social surplus is consumer surplus: Q51: The market equilibrium is not efficient when Q55: External costs caused by the use of Q62: Because there are external benefits from higher Q73: Private markets fail to reach a socially Q78: An external benefit in a market will
A) minus producer
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