What Is the Difference Between Command-And-Control Policies and Market-Based Policies

question 147

Multiple Choice

What is the difference between command-and-control policies and market-based policies toward externalities?

• A)Command-and-control policies provide incentives for private decisionmakers to solve the problems on their own, whereas market-based policies regulate behavior directly.
• B)Command-and-control policies rely on taxes, whereas market-based policies rely on quotas.
• C)Command-and-control policies regulate behavior directly, whereas market-based policies provide incentives for private decisionmakers to change their behavior.
• D)Command-and-control policies are efficient, whereas market-based policies are inefficient.

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Definitions:

Wagner Act

Also known as the National Labor Relations Act (NLRA), it is a foundational statute of US labor law which guarantees basic rights of private sector employees to organize into trade unions.

Labor Organizations

Groups such as unions that represent workers in negotiations with employers over wages, working conditions, and benefits.

Fourth Amendment

An amendment to the U.S. Constitution that protects citizens from unreasonable searches and seizures by the government.

Drug Testing

The process of analyzing biological specimens to detect the presence of drugs or their metabolites, usually conducted by employers or law enforcement.