The table above gives information on the marginal perceived private benefit and marginal social benefit associated with vaccination against varicella (chicken pox)
If the marginal cost of a varicella vaccination is $10, to achieve an efficient quantity of vaccinations, the government could provide a subsidy of A) $4 per vaccination.
B) $3 per vaccination.
C) $2 per vaccination
D) $1 per vaccination.
C
Economics
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Transfer payments are subtracted from national income to get to personal income
Indicate whether the statement is true or false
Economics
Congress decided to implement a fiscal policy, but argued for weeks about how to do it. Once they agreed on a plan, the president had to deliberate and consult his cabinet members before signing it. This is an example of ______.
a. an impact lag b. a crowding-out lag c. a recognition lag d. an implementation lag
Economics