A Command-And-Control Policy Causes Firms to Use Inefficient Abatement Technologies,so

question 86

True/False

A command-and-control policy causes firms to use inefficient abatement technologies,so production costs will be higher than they would be under a pollution tax.

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Definitions:

Term of Maturity

The length of time until the principal amount of a bond or other debt instrument must be repaid.

Corporate Bond

A type of debt security issued by corporations to finance their operations, infrastructure, and expansion plans, with the promise to pay back with interest.

Long-Term Bond

A long-term bond is a debt security with a maturity of typically more than 10 years, used by corporations and governments to raise large amounts of capital.

Medium-Term Bond

A bond with a maturity period typically ranging from 5 to 10 years, serving as an investment option between short-term and long-term bonds.