Economics (AS & A Level) · Oct / Nov 2023 · Paper 31 · Question 19
9708Government policies to achieve efficient resource allocation and correct market failure
Which policy to counter climate change is considered to be regulatory rather than market based?
- Athe introduction of carbon taxes on pollution
- Bthe operation of tradable pollution permits
- Cthe provision of government subsidies
- Dthe setting of industrial emission standards
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Correct answer: D. the setting of industrial emission standards
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