What Is the Difference Between Command-And-Control Policies and Market-Based Policies

question 147

Multiple Choice

What is the difference between command-and-control policies and market-based policies toward externalities?

• A)Command-and-control policies provide incentives for private decisionmakers to solve the problems on their own, whereas market-based policies regulate behavior directly.
• B)Command-and-control policies rely on taxes, whereas market-based policies rely on quotas.
• C)Command-and-control policies regulate behavior directly, whereas market-based policies provide incentives for private decisionmakers to change their behavior.
• D)Command-and-control policies are efficient, whereas market-based policies are inefficient.

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Definitions:

Naughty

Behavior that is disobedient or mischievous, often used to describe children who do not follow rules or norms.

Babysitter

An individual, often a teenager or young adult, who temporarily cares for children on behalf of the children's parents or guardians.

Associating Bedtime

The practice of linking specific routines or activities with the time of going to sleep to promote better sleep habits.

Avoiding

refers to the behavioral strategy of staying away from certain situations, tasks, or individuals to prevent discomfort or conflict.