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Governments require immunizations of school children and offer immunization shots for free

Governments require immunizations of school children and offer immunization shots for free

Governments require immunizations of school children and offer immunization shots for free to low income people. Immunizations are:

A) public goods.

B) private goods with external benefits.

C) nonrival goods.

D) all of the above.

21) Governments require immunizations of school children and offer immunization shots for free to low income people. An external benefit associated with immunization is:

A) the immunized staying well.

B) one person being immunized does not prevent another from being immunized.

C) a lower chance of epidemics.

D) all of the above.

Recall the Application about the benefits provided by the LoJack auto recovery system to answer the following question(s).

 

22) Recall the Application. LoJack is system that allows the police to track stolen cars. This provides an external benefit by:

A) getting the owner back his car.

B) reducing car theft.

C) giving profits to the producers of LoJack.

D) all of the above.

23) Recall the Application. LoJack is system that allows the police to track stolen cars. Car owners who do not buy LoJack systems still benefit because:

A) the owner of a LoJack system gets a break on his auto theft insurance.

B) the owners of LoJack earn profits.

C) thieves don't know which cars have LoJack.

D) all of the above

24) Recall the Application. LoJack is system that allows the police to track stolen cars. LoJack is a ________ good that generates ________.

A) public good; external benefits

B) public good; no external benefits

C) private good; external benefits

D) private good; no external benefits

Recall the Application about the value of trees in residential neighborhoods to answer the following question(s).

 

25) Recall the Application. The benefits from planting trees in residential neighborhoods, including improved air quality and aesthetics, go to the property owner as well as the neighbors. This implies that trees provide:

A) only private benefits.

B) only social benefits.

C) both private and social benefits.

D) only public benefits, but not private or social benefits.

26) Recall the Application. Based on estimates of the value mature trees add to the value of an owner's house and the greater value that is added to neighboring houses, the equilibrium number of mature trees in residential neighborhoods is most likely:

A) greater than the socially efficient number.

B) less than the socially efficient number.

C) equal to the socially efficient number.

D) infinite.

27) According to the Application, a mature tree adds about $7,000 to the value of an owner's house generates a total external benefit of ________ for neighboring houses.

A) $0

B) $4,500

C) $7,000

D) $13,000

28) All goods that generate external benefits are public goods.

29) Private goods can have external benefits.

Abhinav 07-Dec-2019

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