Unlike command and control, taxes and subsidies allow firms or people to respond to price or cost changes.

Name: Unlike command and control, taxes and subsidies allow firms or people to respond to price or cost changes.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Taxes and subsidies create incentives for firms or people to change their behavior in response to price or cost changes, whereas command and control regulations impose specific requirements and restrictions without allowing for flexibility in how they are achieved.

Unlike Command and Control, Taxes and Subsidies Allow Firms or People