Solved

Suppose That Government Wants a Policy That Will Encourage People

Question 47

Multiple Choice

Suppose that government wants a policy that will encourage people to use less oil. For this policy to be efficient, it must:


A) induce those with the highest cost of conserving to reduce their oil consumption the most.
B) induce those with the lowest cost of conserving to reduce their oil consumption the most.
C) force everyone to reduce oil consumption equally.
D) force rich people to reduce oil consumption proportionally more than poor people.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents