Author Question: Inoculations of children against infectious diseases are A) an example of an external benefit. ... (Read 13 times)

c0205847 · **on:** Jun 29, 2018

Inoculations of children against infectious diseases are

A) an example of an external benefit.
B) an example of an external cost.
C) dangerous for society.
D) an example of a public good.

Question 2

Economics is called an empirical science because

A) economists study real-world evidence to test their models.
B) economists use assumptions in their models.
C) economic models have no predictive power.
D) economic analysis is only useful in a capitalistic society.