Command and Control Approaches to Environmental Public Policy

question 57

Multiple Choice

Command and control approaches to environmental public policy

• A)increase the likelihood of continued low levels of pollution,not the elimination of pollution.
• B)are not as good market-based policies for most environmental problems.
• C)are simpler than market based policies.
• D)use GPI economic principles to determine the nature of the response.

---

Definitions:

Fixed Costs

Costs that remain constant regardless of the amount of goods produced or sold, like wages or lease payments.

Marginal Costs

The extra expense incurred from making one more unit of a product or service.

Average Cost

The total cost of production divided by the number of goods produced, showing the cost of producing each unit.

Marginal Cost

The cost incurred to produce one additional unit of a product or service.