Although regulation and corrective taxes are both capable of reducing pollution, regulation accomplishes this goal more efficiently.

Question

Quizplus · Accepted Answer

Regulation often involves setting specific standards or rules that must be followed, which can be less flexible and potentially less efficient than corrective taxes. Corrective taxes, such as a carbon tax, can provide economic incentives for reducing pollution across a wide range of activities, allowing businesses and individuals to find the most cost-effective ways to reduce emissions.

Although Regulation and Corrective Taxes Are Both Capable of Reducing