Emission Controls on Automobiles Are an Example of a

question 388

Multiple Choice

Emission controls on automobiles are an example of a

• A)corrective tax.
• B)command-and-control policy to increase social efficiency.
• C)policy that reduces pollution by allocating resources through market mechanisms.
• D)policy to reduce congestion on urban freeways.

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Definitions:

Indifference Curves

Graphical representations in economics showing different combinations of two goods among which a consumer is indifferent in terms of utility or satisfaction.

Right Gloves

Garments designed specifically for the right hand, typically used for protection, warmth, or fashion.

Indifference Curves

A graph showing combinations of two goods that give a consumer equal satisfaction and utility, reflecting preferences.

Right Angles

A measure of angle which is exactly 90 degrees, indicating a perpendicular relationship between two lines or planes.