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QUESTION 1 (20 marks) Using the economic language we have learned, discuss why the Australian government has made covid-19 vaccinations free for consumers. Should companies
QUESTION 1 (20 marks)
- Using the economic language we have learned, discuss why the Australian government has made covid-19 vaccinations free for consumers. Should companies be allowed to sell essential products like vaccines to the Australian government at a price that brings the company a profit? (5 marks)
- Use the concept of common resource pools to explain traffic jams and note one advantage and one disadvantage of imposing a road toll during busy traffic periods. (5 marks)
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