To Reduce Pollution, Economists Generally Prefer a Corrective Tax to a Command-And-Control

question 182

True/False

To reduce pollution, economists generally prefer a corrective tax to a command-and-control policy because the same goals can be achieved but in an efficient manner with a corrective tax.

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Definitions:

Mandated Drug Testing

Drug testing required by law or policy, often for employees in certain jobs, athletes, or individuals under legal supervision.

Elite Athletics

High-level competitive sports involving athletes who perform at the top of their field, often in professional or Olympic settings.

Critical Value

A point on the test distribution that is compared to the test statistic to determine whether to reject the null hypothesis in hypothesis testing.