Which of the Following Statements About Internalising a Negative Production

question 152

Multiple Choice

Which of the following statements about internalising a negative production externality is LEAST correct?

• A)internalising a negative production externality will cause the supply curve for the good to shift to the left
• B)internalising a negative production externality will cause an industry to decrease the quantity it supplies to the market and increase the price of the good produced
• C)internalising a negative production externality will cause an industry to increase the quantity it supplies to the market and decrease the price of the good produced
• D)internalising a negative production externality will cause an industry to move closer to the socially optimal price and quantity of the good

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Definitions:

Abilities

The range of skills, talents, or competencies that an individual possesses, which can be developed through practice and learning.

Achievements

The successful completion of tasks, goals, or challenges, often recognized by awards or other forms of acknowledgment.

Psychosocial Conflict

In Erikson's theory, a crisis or challenge affecting the social and psychological aspects of one's life at different stages of development.

Erikson

Refers to Erik Erikson, a psychoanalyst known for his theory on the psychosocial development of humans, suggesting that individuals go through eight stages from infancy to adulthood, with each stage presenting a unique challenge or crisis.