Which of the Following Statements Is Correct

question 411

Multiple Choice

Which of the following statements is correct?

• A)Corrective taxes are often preferred over direct regulation because they typically reduce externalities at a lower cost.
• B)Corrective taxes distort economic incentives.
• C)Corrective taxes are often preferred over direct regulation because they typically reduce externalities at a faster rate.
• D)Both a and b are correct.

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Definitions:

All Children

Refers collectively to every child, emphasizing inclusivity and equal consideration without discrimination.

Network Effect

The network effect is a phenomenon whereby a product, service, or platform increases in value to its users as the number of users expands, commonly seen in telecommunications and social media networks.

Product Or Service

is any good or service offered by a business to consumers to satisfy a need or want.

Class, Race, Gender

These are sociological categories used to differentiate and study the variations in social structures, experiences, and identities among people based on their socioeconomic status, ethnic background, and gender.