Figure 5-C
-Refer to Figure 5-C.Which of the following will help shift the supply curve from S private to S social?
A)New technology that increases output
B)Steps to externalize the costs involved
C)Technology that reduces labor
D)Regulation to internalize the costs involved

Question

Figure 5-C 
-Refer to Figure 5-C.Which of the following will help shift the supply curve from S private to S social?
A)New technology that increases output 
B)Steps to externalize the costs involved 
C)Technology that reduces labor 
D)Regulation to internalize the costs involved

Quizplus · Accepted Answer

Regulation to internalize the costs involved is the only option that will shift the supply curve from S private to S social because it addresses the issue of externalities and encourages producers to consider the social costs of production. Options A and C may increase output or reduce labor costs, but they do not consider the social costs associated with production. Option B may externalize costs, but it will not encourage producers to internalize them.

Figure 5-C -Refer to Figure 5-C.Which of the Following Will Help Shift