24. Which of the following statements is FALSE? (A) The Pfizer, Moderna, AstraZeneca and J&J vaccines do not reduce the spreac COVID-19. (B) COVID-19 primarily causes deaths and hospitalizations among the elderly those with pre-existing conditions such as obesity. (C) Klaus Schwab started the World Economic Forum. (D) It is impossible to get COVID-19 from an asymptomatic carrier.

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter16: Information, Risk, And Insurance
Section: Chapter Questions
Problem 3SCQ: Why is it difficult to measure health outcomes?
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24. Which of the following statements is FALSE?
(A) The Pfizer, Moderna, AstraZeneca and J&J vaccines do not reduce the spread of
COVID-19.
(B) COVID-19 primarily causes deaths and hospitalizations among the elderly and
those with pre-existing conditions such as obesity.
(C) Klaus Schwab started the World Economic Forum.
(D) It is impossible to get COVID-19 from an asymptomatic carrier.
25. Why do lockdowns comprise a bad method to deal with COVID-19?
(A) They cause harms from other health issues, such as suicides, drug overdoses, and
missed cancer screenings.
(B) Lockdowns operationalize the beta male within each individual, hence channeling
a simp from within the chasms of the soy boy realm.
(C) Lockdowns lead to starvation in developing countries, hence causing more deaths
than COVID itself.
(D) Both A and C.
The next three questions involve the following situation.
Consider a closed economy in which C = $345 billion, G = $350 billion, Y = $1 trillion,
and T
= $100 billion.
26. What is the overall level of saving, S?
(A) $250 billion.
(B) $305 billion.
(C) $345 billion.
(D) $555 billion.
27. What is the level of private saving?
(A) $250 billion.
(B) $305 billion.
(C) $345 billion.
(D) $555 billion.
Transcribed Image Text:24. Which of the following statements is FALSE? (A) The Pfizer, Moderna, AstraZeneca and J&J vaccines do not reduce the spread of COVID-19. (B) COVID-19 primarily causes deaths and hospitalizations among the elderly and those with pre-existing conditions such as obesity. (C) Klaus Schwab started the World Economic Forum. (D) It is impossible to get COVID-19 from an asymptomatic carrier. 25. Why do lockdowns comprise a bad method to deal with COVID-19? (A) They cause harms from other health issues, such as suicides, drug overdoses, and missed cancer screenings. (B) Lockdowns operationalize the beta male within each individual, hence channeling a simp from within the chasms of the soy boy realm. (C) Lockdowns lead to starvation in developing countries, hence causing more deaths than COVID itself. (D) Both A and C. The next three questions involve the following situation. Consider a closed economy in which C = $345 billion, G = $350 billion, Y = $1 trillion, and T = $100 billion. 26. What is the overall level of saving, S? (A) $250 billion. (B) $305 billion. (C) $345 billion. (D) $555 billion. 27. What is the level of private saving? (A) $250 billion. (B) $305 billion. (C) $345 billion. (D) $555 billion.
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