Internalising a Positive Production Externality Will Cause the Demand Curve

question 127

Multiple Choice

Internalising a positive production externality will cause the demand curve faced by an industry to:

• A)shift to the right
• B)shift to the left
• C)become more elastic
• D)remain unchanged

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Definitions:

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Refers to the children institutionalized in harsh conditions in Romania during the late 20th century, whose plight highlighted issues of child welfare and human rights.

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A situation or condition where an individual or community does not achieve cognitive growth or intellectual progress expected for their age or environment.

Societal Position

An individual's rank or role within the hierarchical structure of a society, often determined by factors like wealth, occupation, and ancestry.

Sense of Identity

The understanding or perception of oneself as a distinct, continuous entity with specific characteristics, values, and beliefs.