Problem-
a) How do regulatory instruments differ from economic instruments?
b) Describe the various types of economic instruments.
c) Identify areas where economic instruments may be used in New Zealand and briefly explain how they would operate.
d) How may one assess the successfulness of economic instruments?
Additional Information-
These problems related to Economics, mainly macroeconomics. These problems are about economic instruments. Economic instruments are mainly used for environmental protection. Economic instruments are very flexible and have great advantages. These economic instruments are based both on price and quality. The answer discusses about economic instruments in detail.
Word limits- 500