Which of the following statements is true ?

Question

Quizplus · Accepted Answer

Command-and-control regulations set specific goals and methods for achieving those goals, rather than relying on incentives or market forces. A is false because externalities cause market failure and result in inefficient outcomes. C is false because economists generally prefer incentive-based programs such as emissions trading. D is false because an effluent tax is a tax imposed on firms or individuals who emit pollutants into the environment, regardless of their income level.

Which of the Following Statements Is True