Suppose you are told that electronic cigarettes cause health problems such as depression and problems with arteries. You also are told that electronic cigarettes do NOT produce second-hand smoke, meaning that e-smoking (called "vaping") by one person does not harm a person standing nearby. How might economists respond? A standard welfare economist would say that e-smoking imposes an externality if health insurance is pooled and a. premiums are shared. A standard welfare economist would say that e-smoking does not increase social costs, unless having health O b. insurance makes people more likely to use electronic cigarettes. A behavioral economics would ask if people who use e-cigarettes become addicted. C. All of the above. d.
Suppose you are told that electronic cigarettes cause health problems such as depression and problems with arteries. You also are told that electronic cigarettes do NOT produce second-hand smoke, meaning that e-smoking (called "vaping") by one person does not harm a person standing nearby. How might economists respond? A standard welfare economist would say that e-smoking imposes an externality if health insurance is pooled and a. premiums are shared. A standard welfare economist would say that e-smoking does not increase social costs, unless having health O b. insurance makes people more likely to use electronic cigarettes. A behavioral economics would ask if people who use e-cigarettes become addicted. C. All of the above. d.
Chapter17: Income, Poverty, And Health Care
Section: Chapter Questions
Problem 26P
Related questions
Question
Transcribed Image Text:Suppose you are told that electronic cigarettes cause health problems such as depression and problems with
arteries. You also are told that electronic cigarettes do NOT produce second-hand smoke, meaning that e-smoking
(called "vaping") by one person does not harm a person standing nearby. How might economists respond?
A standard welfare economist would say that e-smoking imposes an externality if health insurance is pooled and
a. premiums are shared.
A standard welfare economist would say that e-smoking does not increase social costs, unless having health
O b. insurance makes people more likely to use electronic cigarettes.
A behavioral economics would ask if people who use e-cigarettes become addicted.
C.
All of the above.
d.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Recommended textbooks for you
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc
