Internalising a Positive Production Externality Will Cause the Supply Curve

question 79

Multiple Choice

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

• A)shift to the right
• B)shift to the left
• C)expand
• D)remain unchanged

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Definitions:

Cultural Context

The environment and circumstances that influence the values, practices, and beliefs of individuals and communities.

WEIRD

An acronym for Western, Educated, Industrialized, Rich, and Democratic, used to describe populations that are often the subject of psychological research but may not represent humanity as a whole.

Research Participants

Individuals who partake in scientific studies, often providing data or feedback that is critical to the research outcomes.

Extraversion

A personality trait characterized by outgoingness, high energy, and sociability.