Statement I: Nearly all economists prefer command-and-control to incentive-based regulations to curb pollution.
Statement II: Voting for a $4 per gallon tax on gasoline would be political suicide for most of our Representatives and Senators.

Question

Quizplus · Accepted Answer

Statement I is false as many economists prefer the use of incentive-based regulations, such as a carbon tax or cap-and-trade system, to encourage companies to reduce pollution in the most efficient and cost-effective way. Statement II is true as politicians are often hesitant to support policies that would significantly increase gas prices and potentially anger voters.

Statement I: Nearly All Economists Prefer Command-And-Control to Incentive-Based Regulations