Which of the Following Is a More Efficient Way to Lower

question 78

Multiple Choice

Which of the following is a more efficient way to lower pollution than a command-and-control policy?

• A) production subsidies
• B) antitrust policy
• C) marketable pollution permits
• D) cost regulation

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Definitions:

North American Free Trade Agreement

A trade agreement among the United States, Canada, and Mexico to reduce trade barriers and increase economic activity among them.

Trade

The exchange of goods or services between parties.

Free Trade Policy

A governmental policy aimed at eliminating barriers to trade between countries, such as tariffs and import quotas.

International Trade

The exchange of goods and services across international borders or territories, which allows countries to expand their markets for both goods and services that otherwise may not have been available domestically.