Explanation would be helpful, thanks.

Question 2 3.34 pts One question in public finance is when should the government intervene in the economy.... An economist would suggest that the government may need to intervene in the market for measles or Covid 19 vaccines. Explain why an economist (efficiency and equity criterions only) thinks the government should be involved with the amount of vaccines the public chooses to take and what policy interventions did they use for measles? Government used taxes and punitive measures to encourage vaccine use The vaccine subsidy increased use of vaccines especially in low income areas The government needed to intervene because the vaccine raised consumption to a more efficient level that benefited every one by reducing the risk of spreading The government should not intervene with the measles or covid-19 pandemics because it restricts peoples freedom to enjoy their liberty The strategy was equity based (giving more free doses to low income families) and did not impact efficiency criterion (correcting for externalities, vast markets, public goods or non competitive market structures) O B and C are correct Question 3 3.34 pts If the market is efficient there is no need for government intervention due to market failure. Explain what economists mean when they talk about economic efficiency. what are the characteristics of economic efficiency. Resources are going to their highest valued use and there is perfect competition There are no externalities, public goods or imperfect information. If a market is efficient it is also equitable distribution A and B only O A, B and C are all correct