When People Decide Whether or Not to Get a Flu

question 98

Multiple Choice

When people decide whether or not to get a flu vaccination,they ignore the ________ and as a result ________.

• A) marginal private benefit; too few vaccinations are given
• B) external benefit; too few vaccinations are given
• C) private cost; too many vaccinations are given
• D) marginal external cost; vouchers must be provided
• E) social cost; too many vaccinations are given

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Definitions:

Free On Board

Free On Board (FOB) is a term used in international trade that indicates whether the seller or the buyer is liable for goods that are damaged or destroyed during shipping.

Journalize

Journalize is the act of recording business transactions in the accounting journals as part of the double-entry bookkeeping system, detailing debits and credits.

Journalize

The act of recording business transactions in the journal as part of the accounting process.

Merchandise Sold

Products that have been sold by a company, typically referring to goods rather than services.