Which of the Following Statements Is TRUE

question 147

Multiple Choice

Which of the following statements is TRUE?
I. Taxes may reduce consumption by exactly the same amount as government regulations.
II. Taxes typically cost more than government regulations because taxes raise prices whereas regulations simply limit quantity.
III. Command and control policies effectively reduce consumption, but they may not be the lowest cost method for doing so.

• A) I and II only
• B) I and III only
• C) II only
• D) II and III only

---

Definitions:

Job Expansion

Increasing the scope or range of tasks and responsibilities associated with a specific job to enhance employee satisfaction and productivity.

Capital Cost

The one-time expenses incurred in the acquisition or construction of a significant fixed asset like buildings or equipment.

Labour Pool

The supply of available workers with the skills required to fulfill the needs of employers, often within a specific geographical area or industry.

Allowance Factor

A multiplier or factor used to adjust estimated times or costs to account for specific conditions or inefficiencies in operations and processes.