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- Do COVID-19 Vaccines create external benefit? Why? Then should the government subsidize this activity?Research has found that poor people in rural, developing societies have many children, even when they have ready access to contraception. Why?What is the opportunity cost of having health insurance? What is the opportunity cost of not having health insurance
- how does the covid vaccination affect or influence one’s personal & family health. how does it affect society as well?Suppose that we have a model that estimates that taking the COVID-19 vaccine creates a positive externality to society that is at least equal to $1500 per vaccine. (Amazing, right? Well, remember that I made it up.) This means that for every person that takes the vaccine, the benefits to society will be $1500 or more. a. First, what factors do you think go into estimating the benefits of $1500 per vaccine. This is kind of a brainstorming question – but it is worth points so don’t skip it. b. What is the relationship between the equilibrium quantity of vaccines and the socially optimal quantity of vaccines?in 8 or less sentences please write a brief assesment of the economic implications (both positive and negative) of the corona virus.
