Which of the following correctly describes an 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 of others catching the flu.
D) The flu shot reduces the likelihood you will miss work as the result of sickness; therefore, you will earn more income.
Correct Answer:
Verified
Q83: "Government failure" is present when
A) constitutional restrictions
Q98: A sound legal system that protects individuals
Q119: Figure 5-1 Q121: In the absence of government intervention, goods Q123: New products provide a classic case of Q124: It is difficult for the market process Q125: A public good is defined as a Q126: Which one of the following would reduce Q127: Figure 5-4 Q144: Market failure will most likely arise from![]()
![]()
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