Given the following statement Providing health care is obviously a public good.

Question

Given the following statement Providing health care is obviously a public good. If one person becomes ill and doesn't receive treatment, that person may infect many other pe people become ill, then the output of the economy will be negatively affected. Therefore, providing health care is a public good that should be su the government Health care, as a good, is best described by O A. Health care should be supplied by the government because it generates positive externalities O B. Health care should not be supplied by the government because the private market preserves incentives to improve health care with innovatio technology O C. Health care should not be supplied by the government because it is nonexcludable O D. Health care should be supplied by the government because consumers pay a price well above the true cost of providing the service O E. Both a and b Click to select your answer good A is elastic rcentage change in demand is greater than the percentage change in price. nand (1200-900)/1200

Explanation / Answer

Health care creates a positive externality. If a person contaminated by flu be vaccinated properly, then the individuals surrounding him will benefit from it as they will have a lesser chance of being affected.

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