Internalising a Positive Production Externality Through Technology Policy

question 169

Multiple Choice

Internalising a positive production externality through technology policy:

• A)involves a subsidy to industries that yield the largest spillovers
• B)requires that the government be able to measure the size of technology spillovers
• C)does not have the support of economists who believe technology spillovers are difficult to measure
• D)all of the above are true

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Definitions:

Self-Control Behaviours

Actions undertaken by an individual to control impulses and resist short-term temptation in order to achieve longer-term goals.

Atypical Neuroleptics

A class of medications primarily used to treat symptoms of schizophrenia and bipolar disorder, which tend to have fewer extrapyramidal side effects compared to older antipsychotics.

Aggressive Inpatient Children

Children admitted to a hospital or residential treatment who exhibit aggressive behavior towards themselves or others.

Risperidone

An “atypical” antipsychotic medication with fewer side effects than chlorpromazine. It was introduced in the 1990s and is believed to influence serotonin as well as dopamine.