Which of the Following Statements Is TRUE

question 147

Multiple Choice

Which of the following statements is TRUE?
I. Taxes may reduce consumption by exactly the same amount as government regulations.
II. Taxes typically cost more than government regulations because taxes raise prices whereas regulations simply limit quantity.
III. Command and control policies effectively reduce consumption, but they may not be the lowest cost method for doing so.

• A) I and II only
• B) I and III only
• C) II only
• D) II and III only

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Definitions:

Evenly Mixed Expression

A balanced manifestation of traits, behaviors, or emotions, without excessive leaning toward any one aspect.

Fear

An emotional response to perceived threats, leading to a fight-or-flight response.

Anger

A strong feeling of displeasure or hostility that arises in response to perceived wrongs or frustration.

Physically Abused

Having suffered physical harm or injury by another person through deliberate actions intended to hurt or cause pain.