Author Question: Consider a childhood vaccination program that is fully effective if all children are vaccinated. Now ... (Read 63 times)

vowens · **on:** Oct 12, 2022

Question 1

The fact that it is difficult to prevent people from using public goods once they are produced, even if they have not paid, is known as
◦ moral hazard.
◦ the over-consumption problem.
◦ adverse selection.
◦ the easy-rider problem.
◦ the free-rider problem.

Question 2

Consider a childhood vaccination program that is fully effective if all children are vaccinated. Now suppose that all children except one are vaccinated - and as a result that one child will not contract the disease. In economics, we can compare this situation to
◦ asymmetric information.
◦ adverse selection.
◦ the free-rider problem.
◦ common property problem.
◦ moral hazard.

bobbbbb · **Reply #1 on:** Oct 12, 2022

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