Corrective taxes are generally more efficient than regulatory mandates keeping the environment clean.

Question

Quizplus · Accepted Answer

Corrective taxes provide monetary incentives for individuals and businesses to reduce their pollution or environmental degradation, thus allowing them the flexibility to choose the most cost-effective ways to comply with the tax. Regulatory mandates, on the other hand, can be inflexible and may not account for the specific circumstances of each entity, leading to potential inefficiencies. Therefore, corrective taxes are generally considered a more efficient approach to managing environmental issues.

Corrective Taxes Are Generally More Efficient Than Regulatory Mandates Keeping