Using the Internet, research the influenza vaccine, or “flu shot.” Use the following to guide your research:
a. Think about the flu shot in the context of a public good.
b. What are the economic benefits of the flu shot?
c. In what ways has the government become involved in the distribution of flu shots? For what reasons?
1. Describe one (1) reason why the private market for flu vaccinations would produce an inefficient outcome.
2. Describe one (1) way that government involvement could achieve an efficient quantity of vaccinations.
3. Provide one (1) original example for each of the following:
a. a private good
b. a public good.