Multiple Choice
Vaccinating people against a communicable disease such as influenza not only reduces the chances that the person vaccinated will catch the disease but also reduces the probability that an epidemic of the disease will occur.Which of the following statements is true?
A) Reducing the chances that the person vaccinated will catch the disease is a private cost while reducing the probability of an influenza epidemic is a social benefit.
B) Vaccinating people against communicable diseases yields private benefits in excess of social benefits.
C) Reducing the chances that the person vaccinated will catch the disease is a private benefit while reducing the probability of an influenza epidemic is a social benefit.
D) The benefits of the influenza vaccination outweigh the costs.
Correct Answer:

Verified
Correct Answer:
Verified
Q118: In most circumstances, employees do not pay
Q119: The increase in the number of surgeries
Q120: The Congressional Budget Office estimates that most
Q121: A majority of people in the United
Q122: If consumers paid the full price of
Q124: Adverse selection occurs in the market for
Q125: Figure 7-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 7-1
Q126: What is the principal-agent problem?<br>A)It is a
Q127: Figure 7-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 7-2
Q128: Some economists have proposed making the tax