How might command-and-control regulations be described?
a. Highly incentivized
b. Easy to implement
c. Inflexible
d. Flexible
c. Inflexible
Economics
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GDP can be calculated by summing:
A. consumption, investment, government purchases, exports, and imports. B. consumption, investment, government purchases, and net exports. C. consumption, investment, wages, and rents. D. consumption, investment, government purchases, and imports.
Economics
If the price in a market is above its equilibrium level, there will be a:
A. shortage and upward pressure on price. B. surplus and downward pressure on price. C. surplus and upward pressure on price. D. shortage and downward pressure on price.
Economics