One challenge associated with command-and-control regulations is that once a company meets an environmental standard, there is:
a. always another one to meet.
b. no way to enforce further compliance.
c. no incentive to exceed it.
d. a production cost that the government must pay.
c. no incentive to exceed it.
Command-and-control regulation offers no incentive to improve the quality of the environment beyond the standard set by a particular law. Once the command-and-control regulation has been satisfied, polluters have no incentive to do better.
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An open market ________ by the Fed decreases the money supply, which leads to ________ interest rates and a fall in investment spending
A) sale; decreased B) sale; increased C) purchase; increased D) purchase; decreased
Improvements in a country's standard of living are brought about in the long run by
A) technological progress. B) growth in the population. C) constructing more machines and buildings. D) immigration policy.