Improving Air Quality Using Command and Control Methods Means ____________

question 13

Multiple Choice

Improving air quality using command and control methods means ____________.

• A)paying a tax to the government on environmentally undesirable activities or enjoying a reduction in the tax in exchange for some desirable action
• B)building tall smokestacks to send emissions high into the atmosphere so that they disperse and do not pool at the site of production
• C)following regulations that set an upper allowable limit of pollution release,which is enforced with fines and/or incarceration
• D)using free government money or resources intended to promote desired activities
• E)following regulations that set upper limits for pollution release based on which producers are issued permits that allow them to release a portion of that amount; if they release less,they can sell their remaining allotment to others who did not reduce their emissions enough

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Definitions:

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a given price over a specified period of time.

Rationing Function

The ability of market prices to allocate scarce goods and services among competing demands.

Competitive Market

A market structure characterized by a large number of buyers and sellers, free entry and exit, and products that are similar, leading to price-taking behavior.

Equalize Quantity

Bringing the amount of supply in line with the amount of demand.