​The Requirement That a Minimum Volume of Ethanol Is Blended

question 21

Multiple Choice

​The requirement that a minimum volume of ethanol is blended into the U.S. fuel supply is an example of

• A)​a corrective tax.
• B)​a corrective subsidy.
• C)​a command-and-control policy.
• D)​the Coase Theorem.

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Definitions:

Property Rights

Legal rights to possess, use, and dispose of assets including physical, intellectual, and real property.

Mutually Agreeable Transactions

Exchanges between parties that both sides consent to because they are beneficial.

Equal Distribution

The concept of ensuring that resources, wealth, or opportunities are evenly distributed among all members of society.

Resource Allocation

The process of distributing available resources among various competing needs and wants.