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?
What will be an ideal response?
Free riding is benefiting from a good without paying for it. Parents who do not get their children immunized, and instead assume their children will not get sick because all the other children that their own kids will be in contact with have been immunized, are attempting to benefit from the vaccinations of other children without paying for their own kids' 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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Which one of the following statements is true?
a. Water use is clearly higher in countries with higher income levels b. Water use is clearly higher in countries with lower income levels c. Water use in a country is closely linked to the level of manufacturing d. Water use in a country is closely linked to the level of agriculture e. Water use in a country is clearly linked to electricity use
According to the Black-Scholes formula, the price of a European call option depends on its strike price, the current price of the underlying asset, the volatility of the underlying's price, the time to expiration, and the interest rate
Indicate whether the statement is true or false