Statement I: Nearly all economists prefer command-and-control to incentive-based regulations to curb pollution.
Statement II: Voting for a $4 per gallon tax on gasoline would be political suicide for most of our Representatives and Senators.

A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.

Command-and-control

A type of regulation where the government sets specific limits for pollution emissions and may also mandate specific pollution control technologies.

Incentive-based Regulations

Regulatory methods designed to encourage businesses to improve their environmental performance through rewards or penalties.

Political Suicide

Actions or decisions by a politician that are likely to seriously harm their own career or reputation.