Asked by

Mighty Aluko
on Nov 05, 2024

verifed

Verified

Vaccinations convey ________ to third parties.

A) positive externalities
B) negative externalities
C) economies of scale
D) public goods

Positive Externalities

These are benefits that a transaction or activity provides to those not involved in the transaction or activity.

Negative Externalities

Costs suffered by a third party as a result of an economic transaction that they were not directly involved in.

Economies of Scale

Cost advantages reaped by companies when production becomes efficient, typically resulting from increased production where the cost per unit of output drops as scale increases.

  • Identify the concept of externalities, including positive externalities and negative externalities.
  • Identify examples of externalities in daily life and their impact on society.
verifed

Verified Answer

KZ
Kamila ZhanybekovaNov 11, 2024
Final Answer:
Get Full Answer