All Children Have to Be Immunized Against Polio, Measles, Mumps

question 162

Multiple Choice

All children have to be immunized against polio, measles, mumps, and other diseases. If you don't have enough money to pay for the immunizations, they will be provided free at the county health clinic. This statement best represents this economic concept:

• A)People usually exploit opportunities to make themselves better off.
• B)Resources should be used as efficiently as possible to achieve society's goals.
• C)When markets don't achieve efficiency, government intervention can improve society's welfare.
• D)Government policies can change spending.

---

Definitions:

Annual Payments

Recurring payments made once a year.

Compounded Monthly

Determining interest on a monthly schedule by including both the initial principal and previously earned interest in the calculation.

Mortgage

A loan secured by real property, typically a residential property, where the borrower is obliged to pay back with a predetermined set of payments.

Loan Balance

The amount of money that remains to be paid back on a loan at any given time, excluding future interest.