Why are corrective taxes preferred over regulations to deal with pollution? Select one: O a. Corrective taxes obtain faster results than regulations. O b. Corrective taxes allow for an accurate monitoring of pollution levels. Oc Corrective taxes raise revenue and reduce pollution simultaneously, although efficiency is reduced. O d. Corrective taxes reduce pollution at a lower cost to society than regulations.
Why are corrective taxes preferred over regulations to deal with pollution? Select one: O a. Corrective taxes obtain faster results than regulations. O b. Corrective taxes allow for an accurate monitoring of pollution levels. Oc Corrective taxes raise revenue and reduce pollution simultaneously, although efficiency is reduced. O d. Corrective taxes reduce pollution at a lower cost to society than regulations.
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter10: Externalities
Section: Chapter Questions
Problem 4PA
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![Why are corrective taxes preferred over regulations to deal with pollution?
Select one:
O a
Corrective taxes obtain faster results than regulations.
cross out
O b. Corrective taxes allow for an accurate monitoring of pollution levels.
cross out
Oc Corrective taxes raise revenue and reduce pollution simultaneously,
although efficiency is reduced.
cross out
O d. Corrective taxes reduce pollution at a lower cost to society than
cross out
regulations.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc005f93f-9ca7-48bd-9d95-bc30f52bf5de%2F079b9a0f-f52e-4512-9271-78c1d942ee3c%2Fo0nfmp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Why are corrective taxes preferred over regulations to deal with pollution?
Select one:
O a
Corrective taxes obtain faster results than regulations.
cross out
O b. Corrective taxes allow for an accurate monitoring of pollution levels.
cross out
Oc Corrective taxes raise revenue and reduce pollution simultaneously,
although efficiency is reduced.
cross out
O d. Corrective taxes reduce pollution at a lower cost to society than
cross out
regulations.
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