Which of the Following Is an Example of the U

question 177

Multiple Choice

Which of the following is an example of the U.S.government's use of a "command and control" approach to reducing pollution?

• A) In 1990 Congress approved measures designed to reduce sulfur dioxide emissions to 8.5 million tons annually by 2010.
• B) The U.S. government imposed a tax on electric utilities to reduce damages from acid rain.
• C) The government issued electric utilities tradable emissions allowances in other to reduce emissions of nitrogen oxide.
• D) In the 1980s the U.S. government required the installation of catalytic converters to reduce emissions from all new automobiles.

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Definitions:

Demand for Labor

The total amount of workers that employers want to hire at a given wage rate, in a given period.

Return on Capital

A measure of a company's profitability, calculated as the profit generated by its capital investment, often expressed as a percentage.

Immigration

Establishing permanent residence in a nation other than the one where you originally belong.

Productivity

The measure of how efficiently production inputs, such as labor and capital, are converted into outputs, i.e., goods and services.