Which of the Following Is a Drawback to the Regulatory

question 8

Multiple Choice

Which of the following is a drawback to the regulatory approach?

• A) regulation can take away an industry's incentive to do more than the minimum
• B) regulation is an incentive to an industry to do more than the minimum
• C) regulation does not apply to all equally
• D) does not require polluters to use the strongest most feasible means of pollution control.

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Definitions:

Sale

The act of selling something, or the exchange of a commodity for money or other consideration.

Price

The amount of money expected, required, or given in payment for something.

Omission Bias

The tendency to judge harmful actions as worse, or less moral, than equally harmful inactions (omissions).

Status Quo Bias

The tendency for individuals to prefer for things to stay the same by doing nothing or by sticking with a decision made previously.