Which of the Following Methods Could Be Used to Correct

question 47

Multiple Choice

Which of the following methods could be used to correct for external costs?

• A) Impose a tax or an effluent fee on the offenders.
• B) Have the offender clean up the pollution it caused.
• C) Require firms in the industry to install pollution control devices.
• D) All of the above would be appropriate.

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Definitions:

Job Description

A list of the tasks, duties, and responsibilities (TDRs) that a particular job entails.

Controlled

This term broadly refers to something that is governed or regulated by rules, standards, or mechanisms to ensure proper functioning or compliance.

Content Validity

Relates to the extent to which a test measures all aspects of the concept it intends to measure.

Construction-error Recognition

The process of identifying mistakes made during the building phase of a project, allowing for corrective action to be taken to prevent similar issues in the future.