Question
Hey, i'm currently working on my economic homework and i have difficulties on one question: Which of the following statements regarding price-based and quantity-based policies
Hey, i'm currently working on my economic homework and i have difficulties on one question:
Which of the following statements regarding price-based and quantity-based policies is correct?
Select one or more:
a.An advantage of quantity-based policies is that the implementation can be rapid and complete.
b.Banning lead in petrol is a price-based policy.
c.Price- and quantity-based policies can be more effective when used in conjunction, rather than one or the other.
d.A tax on carbon is a quantity-based policy.
I'm pretty sure answer A is correct and B and D are false.
However for the answer C i think its false but i'm not really 100% sure.
Am i wrong or right?
thanks for the help!
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