The Advantage of Using Command and Control to Solve an Externality

question 36

Multiple Choice

The advantage of using command and control to solve an externality problem is that:

• A) it is inflexible, and some problems require an inflexible approach.
• B) it is a very flexible approach.
• C) it solves the problem efficiently without the government requiring very much information.
• D) it is usually the least costly approach.

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Definitions:

Semantics

The branch of linguistics and logic concerned with meaning, including the relations between signifiers like words, phrases, signs, and symbols and what they stand for.

Morphemes

The smallest units of language that carry meaning, including words, prefixes, and suffixes.

Syntax

The set of rules, principles, and processes that govern the structure of sentences in a given language, including word order.

Insight

The ability to understand the inner nature of things or to gain an intuitive understanding of complex situations or problems.