Vaccinating people for measles, rubella, polio and cholera to substantially increase net social benefits by improving the health and productivity of the population is an example of ?
Correct answer: B. external economies
- A. economies of scale
- B. external economies
- C. negative externality
- D. net present value
Explanation
Vaccination protects both the individual and other members of society by reducing disease transmission, creating a positive externality. Such benefits are also called external economies.
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