Tradable Permits Would Not Work in Reducing Global Warming Problems

question 16

True/False

Tradable permits would not work in reducing global warming problems.

---

Definitions:

Laissez-faire System

A laissez-faire system is an economic principle advocating minimal government intervention in the operations of free markets and the economic decisions of individuals and businesses.

Market

A market is a platform or environment where buyers and sellers come together to facilitate the exchange of goods, services, or information.

Capital Goods

Long-lasting goods acquired by a business to produce goods or services, as opposed to being sold directly to consumers.

Productive Resources

Inputs used in the production of goods or services in order to make an economic profit. These include land, labor, capital, and entrepreneurship.