Which of the Following Correctly Describes the External Benefit Resulting

question 133

Multiple Choice

Which of the following correctly describes the external benefit resulting from an individual's purchase of a winter flu shot?

• A) The flu shot is cheaper than the cost of treatment when you get the flu.
• B) The income of doctors increases when you get the flu shot.
• C) The flu shot reduces the likelihood others will catch the flu.
• D) The flu shot reduces the likelihood you will miss work as the result of sickness; therefore, you will earn more income.

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Definitions:

Free Market

An economic system based on supply and demand with little or no government control, where the prices of goods and services are determined freely by the open market.

Reciprocity

A social norm of responding to a positive action with another positive action, fostering mutual benefit and exchanges in relationships or transactions.

General Motors

A multinational corporation that designs, manufactures, markets, and distributes vehicles and vehicle parts.