Many People Like Command and Control Because

question 112

Multiple Choice

Many people like command and control because

• A)it is the most direct method of dealing with pollution externalities.
• B)the total amount of pollution can be controlled better than with a tax.
• C)it is the least expensive method for controlling pollution.
• D)it provides an opportunity to find all those who are polluting the environment.
• E)it allows firms to use technology to change the amount of pollution associated with production.

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Definitions:

Student Loan Interest

The cost incurred from borrowing funds for education, which can often be deducted from taxable income under certain conditions in many tax jurisdictions.

Deduction Limit

The maximum amount that can be subtracted from taxable income for certain expenses, beyond which deductions are no longer permitted or are reduced.

Tax Year

The 12-month period for which tax is calculated, often either the calendar year or a fiscal year established by a business.

Eligible Educational Institution

An accredited post-secondary institution that qualifies for federal student aid programs, where expenses might be eligible for tax deductions or credits.