According to Thomas Schelling,cutbacks in the use of electricity on hot summer days is best ensured through:
A)not trying to sway consumers to cut back on their electricity consumption, since this involves coercive government regulation of a private activity
B)rules governing electricity consumption, with the imposition of penalties such as higher prices for excess usage
C)rules governing electricity consumption, but without the imposition of penalties such as higher prices for excess usage
D)government programs to encourage voluntary rationing of electricity use
E)banning the use of electric lighting

Question

Quizplus · Accepted Answer

Schelling suggests that rules with penalties, like higher prices for excess usage, effectively ensure cutbacks in electricity use by providing a financial incentive to reduce consumption.

According to Thomas Schelling,cutbacks in the Use of Electricity on Hot