Question

Command-and-control legislation, as compared to incentive-based regulation: Group of answer choices discourages the use of comparative advantage in the short run, but encourages the development of new technology in the long run. encourages the use of comparative advantage in the short run, and the development of new technology in the long run. discourages the use of comparative advantage in the short run, and discourages the development of new technology in the long run. encourages the use of comparative advantage in the short run, but discourages the development of new technology in the long run.

Answer 1

Answer:

discourages the use of comparative advantage in the short run, and discourages the development of new technology in the long run.

Explanation:

Control and command regulations are those that states the goals to be achieved and dictates steps to be taken to achieve these goals.

On the other hand incentive based regulations are those that focus on how to motivate employees to achieve organisational goals.

Because of lack of focus on employee buy in the control and command regulations are less effective in the short run and also in the long run. So it discourages the use of comparative advantage in the short run, and discourages the development of new technology in the long run