If the government were to limit the release of air-pollution produced by a steel mill to 75 parts per million,the policy would be considered a
A) regulation.
B) corrective tax.
C) subsidy.
D) market-based policy.

Question

Quizplus · Accepted Answer

A regulation is a rule or law implemented by a government agency to control or restrict certain activities. In this case, the government is setting a limit on the amount of air-pollution a steel mill can release, which is an example of a regulatory policy.

If the Government Were to Limit the Release of Air-Pollution