Rank economists' LEAST favorite to MOST favorite method of reducing electricity consumption.
A) tax on electricity, command and control, tax on the pollutants generated from electricity production
B) command and control, tax on electricity, tax on the pollutants generated from electricity production
C) tax on electricity, tax on the pollutants generated from electricity production, command and control
D) tax on the pollutants generated from electricity production, command and control, tax on electricity

Question

Quizplus · Accepted Answer

Economists generally prefer market-based solutions like taxes on pollutants, which directly target the externality, over command and control methods, which are less flexible and efficient.

Rank Economists' LEAST Favorite to MOST Favorite Method of Reducing