Drawing Conclusions on the Basis of Formal Principles of Reasoning

question 434

Multiple Choice

Drawing conclusions on the basis of formal principles of reasoning is termed __________ thought.

• A)inductive
• B)deductive
• C)illogical
• D)logical

Identify command-and-control policies and market-based policies for managing pollution.

Analyze the advantages and disadvantages of corrective taxes.

Comprehend the concept of transaction costs in resolving externality problems.

Differentiate between pollution permits and corrective taxes in internalizing externalities.