Suppose That Government Wants a Policy That Will Encourage People

question 33

Multiple Choice

Suppose that government wants a policy that will encourage people to use less oil. For this policy to be efficient, it must:

• A) induce those with the highest cost of conserving to reduce their oil consumption the most.
• B) induce those with the lowest cost of conserving to reduce their oil consumption the most.
• C) force everyone to reduce oil consumption equally.
• D) force rich people to reduce oil consumption proportionally more than poor people.

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Definitions:

Core Benefit

The fundamental value or primary advantage that a customer receives from a product or service.

Market Position

The place a brand or product occupies in the mind of the customer and in the market relative to competitors, based on criteria like quality, price, and function.

Market Development

A strategic business process aimed at finding new markets or expanding existing ones for a product or service.

Dunkin' Donuts

A multinational coffee and donut company known for its wide variety of baked goods and beverages.