The U.S. government has frequently used a "command-and-control" approach in dealing with pollution. Which of the following describes this approach?
A) The government imposes quantitative limits on the amount of pollution firms are allowed to generate.
B) The government distributes information to consumers and producers on how to reduce pollution.
C) The government uses subsidies to encourage firms to use new technology that reduces pollution.
D) The government uses taxes in order to internalize the externalities caused by pollution.
A
You might also like to view...
The cross-price demand curve for Cobb-Douglas tastes is perfectly vertical.
Answer the following statement true (T) or false (F)
Other things equal, when the real interest rate falls, C, I and NX ________ and the output gap will ________
A) decrease; decrease B) decrease; increase C) increase; increase D) increase; decrease
A vertical supply curve exhibits
A) a constant elasticity of supply. B) a perfectly inelastic supply curve. C) Both A and B are true. D) None of the above.
For most workers, work is a source of ________ not ________
a. joy; recognition b. utility; disutility c. recognition; earning d. disutility; utility