Examlex
The balance of trade is measured by which of the following expressions?
Command-And-Control
Command-and-control refers to a regulatory approach where the government directly stipulates what actions are required for compliance, often seen in environmental regulation.
Market-Based
Economic systems or policies that are reliant on the forces of supply and demand rather than governmental interventions to allocate resources.
Command-And-Control Policies
Government interventions that directly regulate permissible levels of emissions or methods of production, through mandates or restrictions.
Externalities
Financial repercussions impacting individuals who are not primary participants, with effects ranging from beneficial to harmful.
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