Which Statement Best Describes Most Economists' Attitudes Toward Corrective Taxes

question 140

Multiple Choice

Which statement best describes most economists' attitudes toward corrective taxes and direct regulation

• A)Corrective taxes are often preferred over direct regulation because they typically reduce externalities at a lower cost.
• B)Corrective taxes are less preferred than direct regulation because they typically reduce externalities at a higher cost.
• C)Corrective taxes are often preferred over direct regulation because they typically reduce externalities at a faster rate.
• D)Corrective taxes are less preferred than direct regulation because they typically reduce externalities at a slower rate.

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Definitions:

Dominant Social Paradigm

A prevailing set of attitudes, beliefs, and practices in society that tends to persist over time, influencing social norms and values.

Alternative Environmental Paradigm

Advocates living in harmony with the environment, not dominating it.

Sustainable Development

Development meeting the needs of the present without compromising the ability of future generations to meet their own needs, emphasizing environmental, economic, and social balance.

Malicious Defamation

The act of making false statements about another person with the intent to harm their reputation.