Microeconomics (6th Edition)
Microeconomics (6th Edition)
6th Edition
ISBN: 9780134106243
Author: R. Glenn Hubbard, Anthony Patrick O'Brien
Publisher: PEARSON
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Chapter 5, Problem 5.1.8PA

Sub part (a):

To determine

Types of externality.

Sub part (b):

To determine

Deadweight area.

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If the government subsidizes vaccination against influenza to internalize the externality, should it impose the subsidy on consumers or producers of flu vaccines? How large should the subsidy be? How much less per flu vaccine would patients (i.e., consumers) pay? How much more would manufacturers (i.e., producers) of flu vaccines receive?
From CNN what news article represents an issue ragards to Externalities or that can be realted to externalities? Cite at least one source (News Article, Video, etc.) for any data.  Explain: What is the Economic issue? (Describe the issue)  What is the connection to Externalities? (positive, negative, policy)  (Use Math, Graph or data to explain or support your idea) Explain how this affects the Economy (individual, industry, national or global)
What is an externality? Provide two examples each of positive and negative externalities.
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