Corrective taxes are more efficient than regulations for keeping the environment clean.

Question

Quizplus · Accepted Answer

Corrective taxes, also known as Pigouvian taxes, are considered more efficient than regulations because they provide economic incentives for reducing pollution at the lowest cost to society. They allow businesses to find the most cost-effective way to reduce emissions, rather than adhering to potentially more costly or less efficient regulatory mandates.

Corrective Taxes Are More Efficient Than Regulations for Keeping the Environment