In the Case of a Technology Spillover, Internalizing a Positive

question 522

Multiple Choice

In the case of a technology spillover, internalizing a positive externality through a government subsidy will cause the industry's supply curve to

• A)shift up by an amount equal to the subsidy.
• B)shift down by an amount less than the subsidy.
• C)shift down by an amount equal to the subsidy.
• D)shift down by an amount greater than the subsidy.

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Definitions:

Socialist Democracy

Socialist democracy is a political system that combines democracy with socialist principles, aiming for equal distribution of wealth and resources among its citizens through democratic means.

Stable Democratic Society

A state of social equilibrium where a democratic form of government operates effectively, ensuring civil liberties and the rule of law.

Economic Elites

refer to individuals or groups who possess a disproportionate amount of wealth, resources, and power within a society.

Working Classes

Social groups comprised of individuals primarily engaged in manual labor or industrial work, often associated with lower income levels and less education.