Explain how the decision by parents to not immunize their children, hoping that their children will not get sick because other parents have had their children immunized, is an example of free riding
How is this behavior dangerous to the public and therefore not socially optimal?
Free riding is benefitting from a good without paying for it. Parents who do not get their children immunized because they assume their children will not get sick because all the other children that their children are in contact with have been immunized, are attempting to benefit from the vaccinations of the other children without paying for their own children's vaccinations. This behavior is dangerous to the public because the likelihood of an unvaccinated child catching and spreading a disease is much greater than that of a child who has been vaccinated.
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There is no possibility of further widening of the European Union
Indicate whether the statement is true or false
Immiserizing growth is most likely to occur when
A. the increase in population equals the increase in national income of a country. B. economic growth leads to a deterioration of a country's terms of trade. C. the import payments of a country decline relative to its export earnings D. the benefits of economic growth are not shared equally by all residents of the country.