In 2011, the Health Ministry in a country encouraged parents to have their children vaccinated against measles. The parents did not have to use the vaccine and did not have to pay for it.
The government cancelled other projects to fund the programme from taxation because research
concluded that the vaccine benefited the community by preventing the spread of a serious illness.
Which concepts are implied in the above statement?
external benefit, public sector, opportunity cost
2 )
market mechanism, fiscal policy, public good
3 )
merit good, normative statement, regulatory control
4 )
private cost, social benefit, monetary policy
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