If Many People in a Community Get Flu Shots, the Whole

question 205

Multiple Choice

If many people in a community get flu shots, the whole community benefits, including those who did not get flu shots. Therefore, not enough people may decide to get the shots. This is one illustration of

• A)the market allocating resources efficiently.
• B)monopoly power due to lack of competition.
• C)supply-side market failure.
• D)demand-side market failure.

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Definitions:

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The duration between the onset of a stimulus and the initiation of a response or action.

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A developmental phase occurring roughly between the ages of 18 to 25, characterized by exploration, instability, and self-focus as individuals transition to adulthood.