A command-and-control policy:
A. is unlikely to have any impact on the amount of pollution emitted.
B. does not affect the production costs of firms.
C. usually finds the most efficient pollution abatement technology.
D. decreases the incentive for firms to develop efficient abatement technologies.
Answer: D
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Which of the following statements is false?
A. The list of stocks that are included in the Dow Jones Industrial Average changes from time to time, and is determined by the editors of the Wall Street Journal. B. The Dow Jones Industrial Average first appeared on the scene in 1896. C. When the Dow Jones Industrial Average was first computed, prudent investors bought bonds, not stocks. D. The Dow Jones Industrial Average is computed by summing the prices of the thirty stocks included in the average and dividing by 30.
Which of the following is true about a monopoly?
A) Its demand curve is generally less elastic than in more competitive markets. B) It will always earn economic profit. C) It will always produce the same as a perfectly competitive firm. D) It will always be subject to government regulation. E) None of the above is true.
An elastic supply curve is characteristic of which of the following?
a. A constant cost industry b. An increasing cost industry c. A decreasing cost industry d. A monopolized industry
Sales maximization by a firm most often serves the interests of the firm's
a. stockholders. b. creditors. c. managers. d. unskilled laborers.