Chapter 12: Q.18 (page 297)
What is command-and-control environmental regulation?
Short Answer
A command is issued by the government or a comparable agency in order to regulate the environmental policy that has been established.
Chapter 12: Q.18 (page 297)
What is command-and-control environmental regulation?
A command is issued by the government or a comparable agency in order to regulate the environmental policy that has been established.
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What is an externality?
Consider two approaches to reducing emissions of CO2 into the environment from manufacturing industries in the United States. In the first approach, the U.S. government makes it a policy to use only predetermined technologies. In the second approach, the U.S. government determines which technologies are cleaner and subsidizes their use. Of the two approaches, which is the command-and-control policy?
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