If the Government Were to Limit the Release of Air

question 149

Multiple Choice

If the government were to limit the release of air pollution produced by a glue factory to 75 parts per million, the policy would be considered a

• A)corrective tax.
• B)subsidy.
• C)command-and-control policy.
• D)market-based policy.

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Definitions:

Contextual

Pertaining to or depending on the context of something; relating to the circumstances that form the setting for an event, statement, or idea.

Exponential

Pertaining to a mathematical function or growth pattern that increases at a rate proportional to the current value, resulting in rapid growth.

Analytical

Relating to or using analysis or logical reasoning for problem-solving or understanding concepts.

Practical

Concerned with the actual doing or use of something rather than with theory and ideas.