- It should be noted that the failure to vaccinate some children isn an external cost. [See the attached graph]
- The social cost curve is also indicated accordingly.
- From an efficiency perspective, subsidizing vaccines <em>does</em> make sense because, without the subsidy, the equilibrium quantity is <em>less</em> than the socially optimal quantity.
- The school nurse suggests publishing a list of which kids did not get a flu vaccine, in the hope that public shaming will lead people to vaccinate their children. The school nurse is hoping that social norms will act like a <em>punishment </em>and lead the market to a<em> socially efficient </em>
- The flaws that the school nurse's suggestion have are:
- People that feel passionate about not vaccinating are typically doing so for medical or religious reasons and will not sway to social norms or peer pressure. (Option B)
- The school would potentially face a lawsuit because sharing protected health information (PHI), like immunization records, without parents' consent could be a violation depending on the regulations of the state. (Option C)
<h3>What is social Cost?</h3>
In neoclassical economics, the social cost is the total of the transaction's private costs plus the costs imposed on consumers as a result of being exposed to the process for which they are not rewarded or taxed.
In other words, it is the total of internal and external expenses.
Learn more about social cost:
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Answer:
See below
Explanation:
Balance sheet as of December 31, 2022.
Current assets
Account receivable $2,000
Cash $6,280
Supplies $3,790
Total $12,070
Fixed assets
Equipment net $110,300
Inventory $2,810
Total $113,110
Total assets = $12,070 + $113,110 = $125,180
Current liabilities
Accounts payable $3,900
Interest payable $500
Salaries and wages payable $740
Notes payable $32,500
Total $37,640
Financed by;
Common Stock $52,500
Total liabilities + Common stock
= $37,640 + $52,500
= $90,140
Answer: Direct foreign investment
Explanation:
The direct foreign investment is one of the investment process that helps in controlling the business ownership and in this the investment is basically create by one organization in some other country or location.
The economic development and the easy international trading are the main benefit of the direct foreign investment.
According to the given scenario, the Oldhust corporation is one of the electronic company that basically bought the other electronic firm in the other country and this example is refers as the direct foreign investment.
Therefore, Direct foreign investment is the correct answer.
Answer:
Tt is highly productive in reducing the costs to produce a product.
it is highly productive in producing a highly valued commodity.
Explanation:
A product has derived demand If its demand is dependent on the demand for other products.
For example, there would be no need to demand for labour if no one demands for goods.
The derived demand for a good will increase if it reduces the price of the product and if it is important in the production of a good
