Answer to Question #215177 in Finance for Precilla

Question

3 (25 Marks)

The governments of the world are grappling with Covid 19 pandemic, several measures are being 

implemented, namely, sanitizing, social distancing, hand-washing, working from home or online and 

various forms of Lockdowns. The hope of all nations is to vaccinate at least 70% of the population to 

reach head-immunity. This is based on Scientific advice, that once that population percentage is 

immunized, the whole population would be protected, Economist call this positive externality in 

consumption. With suitable diagrams, illustrate and discuss the phenomenon highlighted above.

Answer 1

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