Which of the Following Statements Is Correct

question 105

Multiple Choice

Which of the following statements is correct?

• A)Internalizing a negative externality will cause an industry to decrease the quantity it supplies to the market and decrease the price of the good produced.
• B)Internalizing a negative externality will cause an industry to decrease the quantity it supplies to the market and increase the price of the good produced.
• C)Internalizing a negative externality will cause an industry to increase the quantity it supplies to the market and decrease the price of the good produced.
• D)Internalizing a negative externality will cause an industry to increase the quantity it supplies to the market and increase the price of the good produced.

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Definitions:

Cori Cycle

Named for Czech-U.S. biochemist and Nobel laureate Carl F. Cori (1896–1984). Lactic acid, produced by skeletal muscle, is carried in the blood to the liver, where it is aerobically converted into glucose. The glucose may return through the blood to skeletal muscle or may be stored as glycogen in the liver.

Protein Metabolism

The process by which proteins are synthesized, broken down, and converted into other proteins or forms of energy within the body.

Ammonia

A colorless gas with a distinct, pungent smell, NH3, used in various industrial processes and also produced as a waste product in organisms.

Urea

A nitrogenous compound produced in the liver as a waste product of protein metabolism and excreted in urine.