Briefly Explain the Command-And-Control Approach in Dealing with an Externality

question 104

Essay

Briefly explain the command-and-control approach in dealing with an externality such as pollution.Give an example of the U.S.government using the command-and-control approach to deal with the pollution problem.

---

Definitions:

Uncertainty Avoidance

A cultural dimension that describes the extent to which a society tolerates ambiguity and uncertainty; societies high in uncertainty avoidance prefer clear rules and structure.

Gender Role Orientation

The societal norms and expectations that dictate appropriate behavior and attitudes for individuals according to their gender.

Pay Equality

The principle of ensuring that all individuals are paid equally for the same work without discrimination based on gender, race, or other irrelevant factors.

Status Symbols

Items or actions that serve to signify a person's social position, wealth, or prestige.