A Command and Control Restriction Could

question 7

Multiple Choice

A command and control restriction could

• A)raise prices but not output.
• B)make it illegal to pollute over a certain amount.
• C)lower transactions costs for a private remedy.
• D)force two parties to bargain with each other to resolve an externality.
• E)create a private remedy for a pollution problem.

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Definitions:

Revivalist Efforts

describes initiatives aimed at reinvigorating or renewing interest in a particular religious, cultural, or societal movement or idea.

Hierarchal Authority

A system or organization where power or authority is ranked in a series of levels or layers, with each level having control over the one directly below it.

Ohio Valley

A geographical region in the United States characterized by the Ohio River and its surrounding areas, significant for its agricultural, historical, and cultural value.

Iroquois Nation

A historically powerful northeast Native American confederacy in North America, known for the Iroquois League which consisted of six nations.