Which of the following statements regarding price-based and quantity-based policies is correct? A) A tax on carbon is a quantity-based policy. B) An advantage of quantity-based policies is that the implementation can be rapid and complete. C) Quantity-based policies require more information to implement than price-based policies. D) Banning lead in petrol is a price-based policy

Which of the following statements regarding price-based and quantity-based policies is correct? A) A tax on carbon is a quantity-based policy. B) An advantage of quantity-based policies is that the implementation can be rapid and complete. C) Quantity-based policies require more information to implement than price-based policies. D) Banning lead in petrol is a price-based policy

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter6: Demand And Elasticity

Section: Chapter Questions

Problem 2TY

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Question

Which of the following statements regarding price-based and quantity-based policies is correct?

A) A tax on carbon is a quantity-based policy.

B) An advantage of quantity-based policies is that the implementation can be rapid and complete.

C) Quantity-based policies require more information to implement than price-based policies.

D) Banning lead in petrol is a price-based policy.

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