Multiple Choice
All children have to be immunized against polio,measles,mumps,and other diseases.This,however,is not true of the chicken pox vaccine.If you don't have enough money to pay for the vaccination from your pediatrician,they will be provided free at the local hospital.Which economic principle does this statement BEST represent?
A) People usually respond to incentives,exploiting opportunities to make themselves better off.
B) Resources should be used efficiently 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.
Correct Answer:
Verified
Correct Answer:
Verified
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