When the Government Uses a Command-And-Control Policy to Solve an Externality

question 213

Multiple Choice

When the government uses a command-and-control policy to solve an externality, it

• A)is usually the most effective policy option available.
• B)creates policies that directly regulate behavior.
• C)usually involves taxing the consumption of a commodity.
• D)typically refers to the Coase theorem to structure the policy.

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Definitions:

Personality Dimensions

Fundamental traits or characteristics used to describe and differentiate individuals' personalities.

Reliability Correlation

A statistical measure that assesses the consistency and stability of a psychological test or measurement over time.

Median

A measure of central tendency in statistics, representing the middle value in a set of data when arranged in order.

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of data values from the mean value.