Which of the following would an economist identify as a difficulty relating to environmental command-control regulations?
A) high degree of inflexibility
B) clear distinctions drawn between firms
C) lack of incentive to reduce pollution
D) obvious lack of loopholes

Question

Quizplus · Accepted Answer

Environmental command-control regulations are often criticized for their inflexibility because they typically mandate specific limits or technologies without allowing firms to find the most cost-effective or innovative solutions to reduce pollution.

Which of the Following Would an Economist Identify as a Difficulty