Figure 10-18

question 84

Multiple Choice

Figure 10-18. The graph represents a corrective tax to reduce pollution. On the axes, Q denotes the quantity of pollution and P represents the price of pollution.
-Refer to Figure 10-18. The tax depicted on the graph

• A)gives polluting firms an incentive to develop cleaner technologies.
• B)is viewed by most economists as less effective than a command-and-control policy as a means of reducing pollution.
• C)has the effect of moving the allocation of resources further from the social optimum than it would be in the absence of the tax.
• D)All of the above are correct.

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Definitions:

Performance Declined

A situation where an individual's or organization's results or outputs deteriorate over a period.

Strategy

In negotiations, strategy refers to the planned approach or set of tactics a negotiator uses to achieve their desired outcomes, taking into account the interests, strengths, and weaknesses of all parties involved.

Adapt

To adapt means to adjust or modify oneself or actions to better suit new conditions or environments.

Challenge

A call to take part in a contest or competition, often requiring the overcoming of obstacles or tests of skill.