If provision of vaccines is left to a private market with no adjustment for the positive externality effect, which of the following are true? Choose one or more: DA Too many people get vaccinated. OB. Too few people get vaccinated. OC. The government could correct for the market failure by imposing a tax. OD. There is a deadweight loss E. The government could correct for the market failure by providing a subsidy.

If provision of vaccines is left to a private market with no adjustment for the positive externality effect, which of the following are true? Choose one or more: DA Too many people get vaccinated. OB. Too few people get vaccinated. OC. The government could correct for the market failure by imposing a tax. OD. There is a deadweight loss E. The government could correct for the market failure by providing a subsidy.

EBK HEALTH ECONOMICS AND POLICY

7th Edition

ISBN:9781337668279

Author:Henderson

Publisher:Henderson

Chapter3: Analyzing Medical Care Markets

Section: Chapter Questions

Problem 3QAP

See similar textbooks

Similar questions

Historically, vaccinations have prevented the spread of certain diseases such as chicken pox or meningitis. What type of externality takes place with the consumption of such vaccines. Explain with words and a graph.
Historically, Vaccinations have prevented the spread of certain diseases such as chicken pox or megningtis. What type of externality takes place with the consumption of such vaccines. Explain with words and a graph.
Suppose you are told that electronic cigarettes cause health problems such as depression and problems with arteries. You also are told that electronic cigarettes do NOT produce second-hand smoke, meaning that e-smoking (called "vaping") by one person does not harm a person standing nearby. How might economists respond? A standard welfare economist would say that e-smoking imposes an externality if health insurance is pooled and a. premiums are shared. A standard welfare economist would say that e-smoking does not increase social costs, unless having health O b. insurance makes people more likely to use electronic cigarettes. A behavioral economics would ask if people who use e-cigarettes become addicted. C. All of the above. d.
How to draw the market equilibrium quantity of the vaccine diagram?
Which of the following does NOT generate negative externalities in part through health care costs? a. Smoking b. Alcohol abuse c. Antibiotic overuse d. Opioid abuse e. None of the above
How should individuals in society respond to government-imposed vaccinations?
How can you relate the changes in vaccines to overall growth in the economy and the production possibilities curve?
Herd immunity is a negative health externality. O True O False
Do COVID-19 Vaccines create external benefit? Why? Then should the government subsidize this activity?
how does the covid vaccination affect or influence one’s personal & family health. how does it affect society as well?
Economics Explain how an “individual mandate," where every resident of a country is required by law to purchase health insurance might affect the cost of healthcare. Which specific source of market failure is addressed by such a mandate? Explain your answer.
#9. A safe and effective coronavirus vaccine has positive externalities. Is it efficient for the government to provide this vaccine to everyone for free? a. Yes. Goods with positive externalities should always be free. b. Uncertain. Goods with positive externalities should be subsidized, but making them free is not necessarily efficient. c. No. According to the First Fundamental Welfare Theorem, the market will provide the efficient amount of vaccines on its own. с. d. No. Goods with positive externalities should be taxed.