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:

Future Date

A specific date that lies in the future, often mentioned in the context of contracts or financial agreements specifying when actions must be taken.

U.S. Dollars

The official currency of the United States, widely used for domestic and international transactions alike, serving as a major global reserve currency.

Comparative Advantage

The principle that a country, individual, company, or region can produce goods or services at a lower opportunity cost than others, leading to more efficient trade.

Protectionism

Economic policy of restricting imports from other countries through methods such as tariffs and import quotas, aimed at protecting domestic industries.