Command-And-Control Regulations Are a Tool Used by the Government to Control

question 31

True/False

Command-and-control regulations are a tool used by the government to control pollution.

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Definitions:

Output

The amount of goods or services produced by a company, industry, or economic system.

Production Function

A mathematical representation in economics that describes the relationship between the inputs used in production and the output of goods or services produced.

Returns To Scale

The change in output resulting from a proportionate increase in all inputs in the production process.

Input

Resources such as labor, materials, and capital used in the production process to create goods or services.