Command-And-Control Legislation, as Compared to Incentive-Based Regulation

Command-and-control legislation, as compared to incentive-based regulation:

A) encourages the use of comparative advantage in the short run, and the development of new technology in the long run.
B) encourages the use of comparative advantage in the short run, but discourages the development of new technology in the long run.
C) discourages the use of comparative advantage in the short run, but encourages the development of new technology in the long run.
D) discourages the use of comparative advantage in the short run, and discourages the development of new technology in the long run.

Correct Answer:

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