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Using the Internet, research the influenza vaccine, or "flu shot." Use the following to guide your research:
Think about the flu shot in the context of a public good.
What are the economic benefits of the flu shot?
In what ways has the government become involved in the distribution of flu shots? For what reasons?
Describe one (1) reason why the private market for flu vaccinations would produce an inefficient outcome.
Describe one (1) way that government involvement could achieve an efficient quantity of vaccinations.
Provide one (1) original example for each of the following:
a private good
a public good.
Illustrate why are second hand goods not included in the value of national income.
Why is the U.S. GDP so much higher than that of Mexico? Would the same reasons apply when we compare the U.S. GDP to Canada's GDP?
Take some time to think about the ways in which your learning in this class relates to the real world. Has the knowledge you gained been valuable in helping you understand or evaluate events or policies? Are there any current events in the news that ..
When real estate agents sell their own, rather than clients’, houses, they leave the houses on the market for a longer time (10 days longer on average) and wind up with better prices (2% higher on average). Why?
An increase in the demand for autoworkers may come about because of all of the following EXCEPT a(n):
q.anthony figueroa is a cpa who works for an accounting consulting firm. his annual salary income is 70000. anthony is
determine what sales price must be obtained at the end of that period in order for Amjay to break even, when the interest is 12 percent.
Why does the government intervene in the economy? Should they and what would the impact be if they did not?
Your weekly costs to producing q units are given by the following equation: C(q)=7+10q+3.5q2 +q3. With this technology, AC is minimized at approximately q = 1.11. What is the long-run equilibrium price of in this market, given that there are no barri..
Dewey Cheatham is the new Vice President of Marketing for a large online search engine company, Pottstown Innovative Enterprises (AKA, PIE). The shipment of prescription drugs from pharmacies outside the United States to customers in the United State..
Using diagrams show what changes in price and quantity would be expected in the following markets under the scenarios given. Also say whether this represents a change in demand or a change in quantity demanded.
Some of the forces working against freer global trade are: A: bi-lateral trade agreements B. industries that are at a comparative advantage C. the support of environmental and labor groups D. strategic trade policy by national governments
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