Most Economists Prefer Corrective Taxes to Regulation as a Way

question 92

Multiple Choice

Most economists prefer corrective taxes to regulation as a way to correct the problem of pollution because

• A)the market-based solution is less costly to society.
• B)the market-based solution can result in a greater reduction in pollution.
• C)the market-based solution raises revenue for the government.
• D)All of the above are correct.

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Definitions:

Yearly Rate

The amount, level, or number of something calculated or represented over a period of one year.

Null Hypothesis

A hypothesis in statistical analysis that suggests no significant difference or effect exists among the variables being studied.

Null Hypothesis

A hypothesis that assumes no significant difference or effect, set as a default against which alternative hypotheses are tested.

Mean Sales

The average revenue generated from sales activities over a specific period, calculated by summing total sales and dividing by the number of sales.