Vaccines benefit the person who is vaccinated, but they also create an external cost for others.
Vaccines benefit the person who is vaccinated, but they also create an external cost for others.
False
True
False
Vaccines primarily benefit the individual who is vaccinated by providing immunity against specific diseases. Additionally, they contribute to herd immunity, which protects those who cannot be vaccinated (such as individuals with certain medical conditions) and reduces the overall spread of disease in the community. Therefore, vaccines do not create an external cost for others; rather, they provide a public health benefit.