Because of the ________ of vaccinations,economic efficiency would be improved if more people were vaccinated.

Question

Quizplus · Accepted Answer

A positive externality occurs when the consumption of a good or service benefits a third party who is not directly involved in the transaction. Vaccinations provide benefits not only to the person receiving the vaccine but to the wider community by reducing the spread of contagious diseases. As a result, increasing the number of people vaccinated would lead to a positive externality and improve economic efficiency.

Because of the ________ of Vaccinations,economic Efficiency Would Be Improved