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Watch the following video, https://mru.org/courses/principles-economics-microeconomics/externalities-and-incentives-economics-covid and then answer the questions below:
1. Why is a flu shot an example of a positive externality?
2. How is coronavirus vaccine development an example of a positive externality?
3. Now that COVID-19 vaccines are available, what are some possible solutions to encourage getting vaccinated?
4. Since the number of people getting flu shots will be lower than the socially optimal number of flu shots, what are TWO WAYS to increase the number of people getting flu shots?
Too Tired? Too Anxious? Need More Time? We’ve got your back.