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. This statement best represents this economic concept:
A)People usually exploit opportunities to make themselves better off.
B)Resources should be used as efficiently as possible 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 best represents the economic concept of government intervention to improve society's welfare when markets fail to achieve efficiency. In this case, the government provides free immunizations to ensure all children receive the necessary vaccinations, regardless of their ability to pay.

All Children Have to Be Immunized Against Polio, Measles, Mumps