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

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

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter14: Environmental Economics

Section: Chapter Questions

Problem 5SQP

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Question

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

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

Market failure
Separation of ownership and control
Expectations gap
Irreversibility

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