Suppose That a Steel Factory Emits a Certain Amount of Air

question 98

Multiple Choice

Suppose that a steel factory emits a certain amount of air pollution and that this pollution constitutes a negative externality.If this market is not required to internalise this externality:

• A)the supply curve would adequately reflect the marginal social cost of production
• B)consumers will be required to pay a higher price for steel than they would have if the externality were internalised
• C)the market equilibrium would not be the socially optimal quantity
• D)producers will produce less steel than they otherwise would have if the externality were internalised

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Definitions:

Weight History

A record of an individual's body weight over a period of time, relevant for assessing trends and health risks.

Metabolism Of Nutrients

The biochemical processes by which the body converts foods into energy, waste, and the building blocks for proteins, lipids, nucleic acids, and some carbohydrates.

Medications

Substances used to diagnose, treat, or prevent disease and improve health in people.

Nutritional Assessment

The evaluation of dietary intake and nutritional status to identify nutritional deficiencies or excesses.