Figure 5-10 Chicken Pox Vaccinations for Toddlers Benefit Society

question 253

Multiple Choice

Figure 5-10 Chicken pox vaccinations for toddlers benefit society by protecting young children and by preventing an epidemic of the disease. Thus, the social benefits of chicken pox vaccinations exceed the private benefit for any quantity of vaccinations as illustrated in Figure 5-10.
-What is the rationale behind a marketable emission allowance scheme?

• A) to create of a market for externalities: the scheme brings together buyers and sellers of marketable permits
• B) to discipline polluting firms by specifying the maximum amount of emissions allowed and giving them permits to pollute up to their allowance
• C) to raise revenue for the government through the sale of emission permits and at the same time set an emissions target
• D) to provide firms with the incentive to consider less costly alternatives to pollution reduction by making firms pay for the right to pollute beyond their specified allowance

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Definitions:

Propaganda Campaign

A systematic effort to spread certain ideas or beliefs, often by a government or organization, to influence public opinion or behavior.

Treaty of Versailles

The peace treaty signed in 1919 that officially ended World War I between the Allied Powers and Germany, imposing heavy reparations and territorial losses on Germany.

United States Senate

The United States Senate is one of the two chambers of the United States Congress, responsible for making and passing federal laws. Each U.S. state is represented by two senators, regardless of its population size, serving staggered six-year terms.

Rejected

Describes something that has been dismissed, refused, or turned down, often after consideration or evaluation.