Capital Formation, Investment Choice, Information Technology, And Technical Progress
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- Capital Formation, Investment Choice, Information Technology, And Technical Progresseconomics-mcqs › capital-formation-investment-choice-information-technology-and-technical-progress
- Published
- 2 Jun 2019
- Last updated
- 28 May 2026
Immunizing individuals against diseases such as measles, rubella, polio, and cholera to significantly enhance overall social welfare by boosting population health and productivity is an example of what?
Multiple choice question for Capital Formation, Investment Choice, Information Technology, And Technical Progress. Select an option, then review the explanation below.
Explanation
Vaccinations that improve public health and productivity generate benefits beyond the vaccinated individuals, which are known as positive externalities. This differs from economies of scale, which relate to cost advantages from increased production, and from negative externalities, which are harmful side effects. Net present value is a financial metric unrelated to external benefits.
More Capital Formation, Investment Choice, Information Technology, And Technical Progress MCQs
Practice related questions from the same subject.
- 1.During the 1980s, economists noticed that investments in information and communications technology (ICT) did not correspond with increased productivity. What is this phenomenon called?
- 2.What term describes market prices that have been modified to reflect the gap between social and private cost-benefit analyses?
- 3.Which of the following is an example of external diseconomies?
- 4.Which statement accurately describes labor conditions in Less Developed Countries (LDCs)?
- 5.Which statement below is incorrect?