Most Economists Prefer Corrective Taxes to Regulation as a Way

question 92

Multiple Choice

Most economists prefer corrective taxes to regulation as a way to correct the problem of pollution because

• A)the market-based solution is less costly to society.
• B)the market-based solution can result in a greater reduction in pollution.
• C)the market-based solution raises revenue for the government.
• D)All of the above are correct.

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Definitions:

Federal Cash Assistance

Government financial aid provided to individuals, typically targeting low-income families, through programs funded at the federal level.

Nonworking and Able-bodied

Refers to individuals who are physically capable of working but are currently not employed and are not participating in the labor force.

Poor Children

Refers to minors living in conditions of poverty, lacking basic needs such as food, clothing, and shelter.

Lobby

The effort to impact the decision-making of government figures, with a focus on legislators or members of regulatory entities.