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.

Q: Illustrate using your own words and a suitable example the effect of negative externality such as…

A: Externality is the negative or positive spillover by the consumer or producer which affects the…

Q: How do negative externalities cause market failure?

A: Answer - Negative externalities - It is the externalities which have been produced during the…

Q: Why does the government have to get involved when an externality is present in the market?

A: Externality: It is a cost that arises because of a producer that is not incurred financially or…

Q: What is the principal question Coase posits when it comes to negative externalities? Who should be…

A: The basic discovery of the Coase Theorem is that externalities are reciprocal. A polluter, in…

Q: Efficiency in the presence of externalities

A: Efficiency cannot be achieved in the presence of externalities. Because in externalities someone is…

Q: Suppose wearing face masks during the coronavirus pandemic leads to positive externalities, given…

A: Here, it is given that wearing face mask will lead to generate positive externality.

Q: The coronavirus pandemic has drawn attention to the importance of vaccinations (and other health…

A: Hey, thanks for the question. Since you have posted multiple questions we will answer one the first…

Q: Which of the following illustrates the concept of externalaties?       A. A hurricane destroys a…

A: An externality is the benefit or costs associated with an activity that is born by the third party…

Q: why do externalities make market outcomes inefficient?

A: A third party, who is not directly related with the exchange or production of goods and services…

Q: "A Pigouvian tax will be more effective in remedying a negative externality, the more elastic the…

A: The Pigouvian tax is a type of emission tax which imposed to reduce the external cost created by…

Q: Why are taxes, one traditional remedy for negative externalities, less than ideal for smoking…

A: Externality is the term refers the benefit enjoyed or cost suffered by the third party who did not…

Q: If education produces positive externalities and the government does not intervene in the market, we…

A: Positive externalities occur when an activity creates a benefit to the third person who is not…

Q: A law that prevents smoking on airplanes addresses a negative externality. True False

A: Externality refers to the advantages and disadvantages of being received by the third party.

Q: If a good is produced with negative externalities: A. private cost will be equal to social costs B.…

A: Negative externality exists when production and consumption have adverse impact on the third party.…

Q: Clams&Co is a young mussel-farming company in Jamaica Bay, not too far off from Far Rockaway Beach.…

A: Externality refers to positive or a negative spillover effects on the society due to consumption or…

Q: Explain why a firm is not able to deal with an externality

A: When a third party receives benefits or costs while consuming or producing a good or service it is…

Q: What is negative externalities?

A: A loss or gain which is incurred on a third person that does not intend to bear a certain expense or…

Q: An externality is Select one: a. the uncompensated impact of one person's actions on the well-being…

A: There is cost and benefit associated with every activity.

Q: The Pigouvian solution to externalities is relatively easy to calculate and implement.   Choose…

A: When there is a presence of negative externality, the Pigouvian solution can be used in the market.

Q: Explain with words and a graph.

A: Vaccinations prevent spread of diseases. In economics, vaccination is a positive example of positive…

Q: Using a supply and demand diagram, demonstrate how a negative externality leads to market…

A: Externalities means when the production of economic agents causes benefits or cost to others. When…

Q: What does Coase mean by "the reciprocal nature" of the problem of negative externalities? the…

A: When a good or service has an adverse effect on a third party unrelated to the transaction, it is…

Q: In markets with positive externalities, the government should attempt to ________ activity by using…

A: Positive Externalities refer to the point that exists if the production and consumption of a…

Q: Which of the following is NOT the way to solve the problem of negative externalities? a. Transfer…

A: In economics, the term externality is used to define the impact of one's action on any other…

Q: In the perspectives of macroeconomics and microeconomics, compare and contrast the negative and…

A: Economics is the study of how individuals make decisions in the face of shortage. Individual,…

Q: Herd immunity is a negative health externality. O True O False

A: Externality refers to spill-over effect of a good on society who is not involved in either…

Q: Which of the following are examples of negative externalities? A. Reduced spread of COVID-19 and…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Which of the following is a good example of a negative externality? A) Tom drives home drunk instead…

A: A negative externality is an expense that is endured by a third party due to financial…

Q: Give an example of a negative externalitity and a positive externality

A: Externalities are costs or benefits to a third party who is not involved in a particular market…

Q: A glue factory and steel mill emit smoke and containing a chemical that is harmful if inhaled in…

A: The first choice will be to close all polluting factories permanently. This will totally remove the…

Q: During the time of a pandemic and the existence of a highly contagious corona-virus, many scientists…

A: Not wearing a mask would have negative externality,because others would get coronavirus.

Q: Individuals go for flu injection not only protect  themselves against flu but also help to prevent…

A: The vaccines that tend to provide protection against infection by viruses of influenza are known as…

Q: Suppose there is a consumption externality for drug use. Do a standard welfare analysis and propose…

A: Consumption externality for drug use is a negative externality where there exists external…

Q: Define externality .

A: Economics is a social science that discusses human behavior regarding their unlimited wants in terms…

Q: Suppose you are told that electronic cigarettes cause health problems such as depression and…

A: Welfare economics is the study the allocation of goods and resources and how it affects social…

Q: The Tucker family has health insurance coverage that pays 80 percent of out-of-hospital expenses…

A: Health-care coverage Tucker is currently residing in the United States with his family. For his…

Q: Give an example of a good that has a positive externality. Give a second example of a good that…

A: Externality refers to spill-over effect of a good or service on the third party who is not involved…

Q: Polio is a disease caused by a contagious virus that can result in paralysis. A vaccine prevents the…

A: a) The vaccine here is considered as a positive externality. A positive externality is one that…

Q: Suppose that you put an invisible tracking device on your computer that will instantly lead police…

A: An externality may be a cost or benefit incurred or received by a producer that's not bought by that…

Q: What are externalities?

A: Externalities can be understood as a situation when a third party incurs a cost or benefits which…

Q: Why are externalities considered a sign of market failure?

A: Market failure occurs when there is inefficient allocation of resources in the free market.

Q: Do COVID-19 Vaccines create external benefit? Why? Then should the government subsidize this…

A: Answer to the question is as follows :

Q: Which of the following results in a positive externality? You bring your lunch to school You pass a…

A: In an economy, externality is one of the market uncertainties that results in market inefficiency or…

Q: In which way could smoking exert a positive externality on others?

A: Externality refers to a situation when some third party who is not directly involved in the market…

Q: A patient named Jen visits Dr. Jan. Dr. Jan is nearly certain that Jen only has a cold. But because…

A: Market failures occurs when resources are not efficiently allocated. When market failure occurs,…

Q: Externalities are only inefficient when they impose a cost. They are not inefficient when they…

A: An externality is an expense or benefit of an economic action experienced by an inconsequential…

Q: What conditions are needed for the Coase Theorem to be a viable way to correct externalities?

A: In the existence of externality, the Coase theorem determines the economic usefulness of a resource…