When an Industry Is Characterized by Technology Spillover, What Should

question 385

Multiple Choice

When an industry is characterized by technology spillover, what should the government do to ensure that the market equilibrium equals the socially optimal equilibrium?

• A)Impose a tax greater than the value of the technology spillover.
• B)Not allow production of any product that causes a technology spillover.
• C)Provide a subsidy equal to the value of the technology spillover.
• D)Require producers to "clean up" any spillover that results from their production process.

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Definitions:

Hip Fracture

A break in the upper part of the femur (thigh bone) near the hip joint, often caused by falls or impacts, predominantly affecting older adults.

Vital Signs

Basic body functions measured to assess the most immediate aspects of a patient's health, including temperature, pulse, respiration, and blood pressure.

Supine Position

Lying on the back with the face or front of the body upward.

Stroke Volume

The amount of blood ejected by the left ventricle of the heart in one contraction, an important parameter in assessing cardiac health.