The Command and Control Method Is a ______ Solution to the Externality

question 77

Multiple Choice

The command and control method is a ______ solution to the externality problem.

• A) democratic
• B) private
• C) regulatory
• D) lottery-based

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Definitions:

Implication

A conclusion that can be drawn from something, although it is not explicitly stated.

Prescription

Legal acquisition of rights through the continuous and habitual exercise of those rights over a lengthy period.

Reservation

The act of keeping something, such as a right or property, specifically withheld or protected from being given up or used.

Lien

A legal right or interest that a lender has in the borrower’s property, granted until a debt owed by the borrower is paid off.