Examlex
Which of the following is a source of power?
Corrective Tax
A tax designed to internalize externalities, effectively correcting market outcomes that might otherwise result in social inefficiency.
Command-And-Control Policies
Regulatory strategies where the government sets specific limits and controls on emissions or discharges, often requiring technology or methods to be used.
Corrective Taxes
Taxes imposed to correct the market outcomes by accounting for externalities and bringing the social costs and benefits into balance.
Economic Efficiency
An economic state where every resource is optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.
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