**Question #9**: A safe and effective coronavirus vaccine has positive externalities. Is it efficient for the government to provide this vaccine to everyone for free?a. Yes. Goods with positive externalities should always be free.b. Uncertain. Goods with positive externalities should be subsidized, but making them free is not necessarily efficient.c. No. According to the First Fundamental Welfare Theorem, the market will provide the efficient amount of vaccines on its own.d. No. Goods with positive externalities should be taxed.

Answered: %#9. A safe and effective coronavirus…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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During the time of a pandemic and the existence of a highly contagious corona-virus, many scientists recommended wearing a mask. Let's assume that wearing a mask can limit the spread of the virus. Is wearing a mask an externality? Positive or negative? How about not wearing a mask? Explain your answers.
Because the federal government typically provides disaster relief to farmers, many farmers do not buy crop insurance even though it is federally subsidized. This illustrates: explain your answer The adverse selection problem The moral hazard problem A failure of the market for externalities The existence of positive externalities
Please help with question 14. Thank you.
How does the precautionary principle work? Describe how the precautionary principle would be applied to shape policy in relation to a particular environmental issue, such as global warming or deforestation.
Historically, Vaccinations have prevented the spread of certain diseases such as chicken pox or megningtis. What type of externality takes place with the consumption of such vaccines. Explain with words and a graph.
1. If you are trying to use a RDD setup to evaluate the effect of health insurance on health, and you qualify for a health insurance subsidy if your family income is below $20,000. What's the running variable? What's treatment, and what's the outcome?
question attached!
There are two consumers of mosquito abatement, a public good. Dash's benefit from mosquito abatement is given by MB D = 100 - Q, where Q is the quantity of mosquito abatement. Lilly's benefit is given by MBL = 60 - Q.a. Calculate the total marginal benefit, MBT. b. Suppose that mosquito abatement can be provided at a marginal cost of MC = 2Q. Find the optimal level of mosquito abatement. c. How much benefit do Dash and Lilly enjoy at the optimal level of mosquito abatement? (Assume Dash and Lilly do not have to bear any of the cost personally, but that abatement is provided by the government at no direct cost to the recipient.)
Q=100-P Costs $6 to purchase a pack of cigarettes each pack smoked does $6 worth of health damage and $5 worth of secondhand health damage All consumers are aware of these costs 1. Due to an introduction of a hyper-effective tobacco fertilizer, the cost of producing a pack of cigaretts decreases to $1. How does this affect the level of smoking and the level of social loss? 2. suppose the government decides to pursue a Pigovian solution to eliminte social loss. What sort of of tax or subsidy would they implement and what is the resulting quantity of cigarette packs purchased? 3. In the case of the Coase Theorem, it is said that the socially efficient level of smokeing will occur without government intervention. how are property rights established and why might the Coase Theorem not apply in this setting?
Explain a main point in Maki Naro's "Vaccines Work. Here Are the Facts" for rhetorical analysis essay
Suppose that Hubert, an economist from an AM talk radio program, and Kate, an economist from a school of industrial relations, are arguing over health insurance. The following dialogue shows an excerpt from their debate: Kate: A popular topic for debate among politicians as well as economists is the idea of providing government assistance for health benefits. Hubert: I think it is oppressive for the government to tax people who take care of themselves in order to pay for health insurance for those who are obese. Kate: I disagree. I think government funding of health insurance is useful to ensure basic fairness. The disagreement between these economists is most likely due to (DIFFERENCE IN SCIENTIFIC JUDGEMENT, DIFFERENCE IN VALUES, DIFFERENCE BETWEEN PERCEPTION VERSUS REALITY) . Despite their differences, with which proposition are two economists chosen at random most likely to agree? A. Employers should not be restricted from outsourcing work to foreign nations.…
parts a and b

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