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Example of an Excludable Public Bad: Polio Made Excludable by a Vaccine
An epidemic disease like polio can be categorized as a public bad. The development of a vaccine made this public bad 'excludable' by providing a method to protect individuals from its harmful effects. [1]
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Social Science
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CORE Econ
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Introduction to Microeconomics Course
The Economy 2.0 Microeconomics @ CORE Econ
Ch.10 Market successes and failures: The societal effects of private decisions - The Economy 2.0 Microeconomics @ CORE Econ
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Example of an Excludable Public Bad: Polio Made Excludable by a Vaccine
A new industrial process releases a persistent, unpleasant odor that affects an entire town, creating a public bad. Which of the following scenarios best illustrates this public bad becoming 'excludable'?
Making a Public Bad Excludable
Analyzing Excludability in Noise Pollution
A city experiences severe air pollution from industrial activity, which is considered a public bad. If a private company develops and sells high-efficiency personal air purifiers that individuals can use in their homes and offices to create clean air zones, this technological development has effectively made the public bad of air pollution excludable.
Match each public bad with the intervention that makes it possible for individuals or groups to be protected from its negative effects, thereby making the bad 'excludable'.
Analyzing Excludability in the Context of a Public Bad
When a technology or policy is introduced that allows some individuals to shield themselves from the negative effects of a widespread problem like a city's severe noise pollution, the public bad is said to have become ____.
A coastal community relies heavily on its pristine beaches for tourism. A new, persistent type of algae begins to wash ashore, creating a foul odor and making the beaches unusable for recreation. This algal bloom is a public bad affecting everyone in the community. Arrange the following events in the logical order that demonstrates the process of this public bad becoming excludable.
Evaluating the Consequences of Making a Public Bad Excludable
A city is experiencing a widespread mosquito infestation, a public bad that affects all residents. Several measures are proposed to address the problem. Which of the following proposed measures would make this public bad 'excludable'?
Learn After
A coastal town is plagued by unusually loud, disruptive noise from a nearby shipping lane, a negative condition affecting all residents. An engineering firm develops and sells a soundproofing technology that, when installed in a home, completely eliminates all exterior noise. How does the availability of this soundproofing technology alter the economic classification of the noise pollution for the town's residents?
The invention of a vaccine that provides complete immunity to a contagious disease effectively eliminates that disease as a public bad for the entire population.
Transforming a Public Bad
Excludability of a Public Bad
Match each scenario describing a widespread negative condition (a public bad) with its correct economic classification based on the ability to protect individuals from its effects.
The Economics of Disease Prevention
A new, highly irritating but non-lethal airborne pollen spreads across a region, causing severe allergies for all residents. A company then markets an affordable, over-the-counter pill that completely blocks the allergic reaction for anyone who takes it. The creation of this pill effectively makes the negative effects of the pollen ____ for the individuals who choose to use the medication.
A new computer virus begins to infect unprotected systems worldwide. A company develops and sells an antivirus program that offers complete immunity. Arrange the following statements to illustrate the economic transformation of the virus from a non-excludable to an excludable public bad.
A tropical city is afflicted by a widespread, debilitating mosquito-borne virus, a negative condition impacting all residents. A technology firm develops and markets a personal, wearable device that creates an impenetrable barrier against mosquitoes for the wearer. How does the availability of this device alter the economic classification of the virus for the city's population?
A major city is experiencing a prolonged and severe heatwave, a dangerous condition that negatively affects all residents. From an economic perspective, which of the following interventions best illustrates the transformation of this public bad into an excludable one?