Multiple Choice
Use the following to answer questions:
Figure: External Benefit
-(Figure: External Benefit) Refer to the figure. Shingles is a painful and blistering skin rash that generally affects older adults. The shingles virus is transmitted by those with an active outbreak, and it can cause chicken pox in people who never had it. The 6th unit has a social value of ______ and a private cost of ______.
A) $4; $6, so no vaccine should be given
B) $6; $8, so the vaccine should be given
C) $4; $6, so the vaccine should be given
D) $8; $6, so the vaccine should be given
Correct Answer:

Verified
Correct Answer:
Verified
Q35: Command and control policies ensure economic efficiency.
Q36: The advantage of using command and control
Q37: Use the following to answer questions:<br>Exhibit: EPA
Q38: An example of a transaction cost for
Q39: The market for honey is:<br>A) inefficient since
Q41: Which answer suggests that private markets can
Q42: Tradable pollution permits:<br>A) have helped reduce sulfur
Q43: External benefits lead to inefficient market outcomes.
Q44: Use the following to answer questions:<br>Figure: External
Q45: The market for bathroom cleaners can be