While politicians and the general public often favor a "command-and-control" approach to the reduction of greenhouse gases, many economists favor market-based policies because they
A) completely eliminate negative externalities.
B) rely on economic incentives rather than on administrative rules.
C) convert all negative externalities into positive externalities.
D) eliminate the need for government involvement in all pollution regulation.

Question

Quizplus · Accepted Answer

Market-based policies are favored by many economists because they utilize economic incentives to encourage businesses and individuals to reduce greenhouse gas emissions, rather than relying solely on regulatory mandates or administrative rules. This approach is seen as more flexible and cost-effective.

While Politicians and the General Public Often Favor a "Command-And-Control