Vaccination Case Study
1. Assuming that state funding for the universities is held constant, describe the conditions that will prevail if tuition is held below equilibrium price. Provide one (1) example to support your response.
If tuition is held below equilibrium price, more student will want to attend state universities, which can affect the quality of education because there will be increasing class sizes or cut backs on the number of classes. This may result in students not being admitted to their desired classes. Universities may implement changes in admission requirements to reduce enrollment of lesser qualified applicants. Universities may use adjunct instructors instead of full-time faculty; that can also affect the academic performance of students.
2. Will …show more content…
In countries with low economies especially those developing countries vaccinations through the private market will provide inefficient outcomes because though the vaccines might be available, only those with the buying power will actually get vaccinated. When only a small fraction of the population is vaccinated, the spread of any flu virus can become widespread. Lower income earners will not consider flu vaccines a priority and thus opt not to get vaccinated. This in turn will create an increase in inventory in the private market and also a loss of capital because most of these vaccines will expire within a year of manufacturing and will eventually be disposed of. As a result of the loss the private entities will resort to procuring a limited number of vaccines or none at all.
2. Describe one (1) way that government involvement could achieve an efficient quantity of vaccinations.
Government’s involvement can achieve an efficient quantity of vaccinations because it is possible for governments within the region especially in the developing countries to pull all their resources together and procure their vaccines in bulk. This will in turn be cheaper for the individual states and ensure a constant annual supply of vaccines which can be offered free to the citizens especially those at risk or sold at a price much cheaper than the private sector. This will ensure that the 95% goal of vaccination is achieved. Government can also enact laws making it mandatory for at risk clients to get vaccinated.
3. Provide one (1) original example for each of the
If tuition is held below equilibrium price, more student will want to attend state universities, which can affect the quality of education because there will be increasing class sizes or cut backs on the number of classes. This may result in students not being admitted to their desired classes. Universities may implement changes in admission requirements to reduce enrollment of lesser qualified applicants. Universities may use adjunct instructors instead of full-time faculty; that can also affect the academic performance of students.
2. Will …show more content…
In countries with low economies especially those developing countries vaccinations through the private market will provide inefficient outcomes because though the vaccines might be available, only those with the buying power will actually get vaccinated. When only a small fraction of the population is vaccinated, the spread of any flu virus can become widespread. Lower income earners will not consider flu vaccines a priority and thus opt not to get vaccinated. This in turn will create an increase in inventory in the private market and also a loss of capital because most of these vaccines will expire within a year of manufacturing and will eventually be disposed of. As a result of the loss the private entities will resort to procuring a limited number of vaccines or none at all.
2. Describe one (1) way that government involvement could achieve an efficient quantity of vaccinations.
Government’s involvement can achieve an efficient quantity of vaccinations because it is possible for governments within the region especially in the developing countries to pull all their resources together and procure their vaccines in bulk. This will in turn be cheaper for the individual states and ensure a constant annual supply of vaccines which can be offered free to the citizens especially those at risk or sold at a price much cheaper than the private sector. This will ensure that the 95% goal of vaccination is achieved. Government can also enact laws making it mandatory for at risk clients to get vaccinated.
3. Provide one (1) original example for each of the