Which of the Following Is the Best Example of a Command-And-Control

question 30

Multiple Choice

Which of the following is the best example of a command-and-control regulation?

• A) Effluent taxes on pollutants.
• B) Emissions trading.
• C) Requiring automobiles to have catalytic converters.
• D) Offset programs.

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Definitions:

Sunk Costs

Costs that have already been incurred and cannot be recovered, and therefore, should not be considered in making future economic decisions.

All-Day Ticket

A pass that allows unlimited use or access to a service, such as public transport or an event, for the entire day.

Marginal Benefit

The additional satisfaction or utility gained from consuming or producing one extra unit of a good or service.

Economic Sense

The rationale or logic derived from economic principles or considerations, often related to making decisions based on cost-benefit analyses.