If You Are a Government Official, Under Which of the Following

question 243

Multiple Choice

If you are a government official, under which of the following situations would you opt for a command and control solution to an externality problem?
I. Lack of running water in part of the country is exacerbating the spread of cholera in the population.
II. Foreign ships are dumping toxic wastes in the waters off your country's shores.
III. A large number of banks fail due to excessive risk taking.

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

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Definitions:

Progressive Ad

A form of advertising that aims to move consumers through a sequence of messages over time, gradually building up a more complex message or brand identity.

Comparative Advertisements

Advertising that directly compares the features or benefits of two or more products or services, often highlighting the advertiser's superiority.

Market Research

The process of assessing the viability of a new service or product through techniques such as surveys, product testing, and analysis of consumer behavior.

Institutional Advertising

Advertising aimed at promoting a company's image or reputation rather than marketing a specific product or service.