Choose the Statement That Is Incorrect

question 91

Multiple Choice

Choose the statement that is incorrect.

• A)Firms that have a high marginal abatement cost sell pollution permits.
• B)A cap is an upper limit.
• C)A cap is a pollution quota.
• D)A government that uses cap-and-trade must first estimate the efficient quantity of pollution and set the overall cap at that level.
• E)The government solves the problem of allocating the cap by making an initial distribution of the cap across firms and allowing them to trade in a market for pollution permits.

Learn the procedural steps and best practices for ensuring adequate motor protection.

Distinguish the differences in how various types of overload units protect motors.

Understand various research methodologies and their applications.

Comprehend the importance and application of ethical principles in research.

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Definitions:

Factors Of Production

The resources used to produce goods and services. Labor and capital are examples of factors.

Increasing Opportunity Cost

Increasing opportunity cost implies that producing more of one good requires giving up an increasing amount of production of another good, reflecting resource specialization.

Consumer Goods

Products and services that are purchased for personal use or consumption.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision or choosing to allocate resources in a particular way.