In order for regulation to be efficient, it often requires detailed information about the relationship between:
A) taxes and subsidies
B) command and control
C) governments and individuals
D) production and technology

Question

Quizplus · Accepted Answer

Regulation often seeks to improve production processes and ensure that technology is used in a manner that minimizes negative impacts on the environment and public health. Therefore, it requires a detailed understanding of the relationship between production and technology. This understanding enables regulators to identify potential areas of risk and develop appropriate policies and standards that can be used to minimize negative impacts.

In Order for Regulation to Be Efficient, It Often Requires