45. To achieve an output level that is socially acceptable, the government of Plealand has placed a monthly limit on the output of cigarettes. The Plealand government's policy is an example of regulation by means of a: Subsidy Quota Production standard Tradeable permit

ENGR.ECONOMIC ANALYSIS
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45. To achieve an output level that is socially acceptable, the government of Plealand has placed a monthly limit on the output of cigarettes.

The Plealand government's policy is an example of regulation by means of a:

  1. Subsidy
  2. Quota
  3. Production standard
  4. Tradeable permit

46. Corporate governance seeks to address for large companies the fundamental problem of

  1. Market failure
  2. Separation of ownership and control
  3. Expectations gap
  4. Irreversibility
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