Which one of the following statements is correct regarding preventive vaccination programs?
The marginal social benefits exceed the marginal private benefits from vaccination programs
Vaccines are classified as inferior goods
Vaccines are a pure public good
The socially optimal level of vaccination is lower than the free-market equilibrium level
54 exam-style questions on Edexcel A A Level Economics 1.3.2 Externalities. Each one has a worked solution and a mark scheme showing where the marks go.