When people decide whether or not to get a flu vaccination,they ignore the ________ and as a result ________.
A) marginal private benefit; too few vaccinations are given
B) external benefit; too few vaccinations are given
C) private cost; too many vaccinations are given
D) marginal external cost; vouchers must be provided
E) social cost; too many vaccinations are given

Question

Quizplus · Accepted Answer

When people decide on whether to get a flu vaccination, they tend to ignore the external benefit, which is the reduction of transmission and spread of the disease to others. As a result, too few vaccinations are given, which leads to higher instances of flu outbreaks and a higher risk to public health. Therefore, option B, which mentions the external benefit being ignored and too few vaccines being given, is the best answer.

When People Decide Whether or Not to Get a Flu