Consider an Industry Producing Good X

question 84

Multiple Choice

Consider an industry producing good X.The quantity of good X produced in a competitive free market will be greater than the socially optimal level if

• A)the production of good X generates a positive externality.
• B)the consumption of good X generates a positive externality.
• C)the production of good X generates a negative externality.
• D)the government has imposed a tax on the production of good X.
• E)good X is a public good.

---

Definitions:

Benzodiazepine

A class of psychoactive drugs commonly used to treat anxiety, insomnia, and several other conditions, known for their sedative effects.

Pastoral Care

Supportive and spiritual care provided by pastors or religious leaders to individuals facing personal challenges or crises.

Psychiatric Clinical

Pertaining to the clinical aspect of psychiatry, which involves the diagnosis and treatment of mental disorders.

Clinical Psychologist

A mental health professional specializing in diagnosing and treating mental, emotional, and behavioral disorders.