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Sodium thiosulfate, Na2S2O3, is used as a "fixer" in black and white photography. Identify the reducing agent in the reaction of thiosulfate with iodine. 2S2O32-(aq) + I2(aq) → S4O62-(aq) + 2I-(aq)
Private Market-clearing
The process by which supply and demand balance out at a price where the quantity supplied equals the quantity demanded in a private marketplace, without excess surplus or shortage.
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Taxes levied on the emission of pollutants, aimed at reducing environmental harm by incorporating the cost of pollution into the market price.
Tradable Emissions Permits
A regulatory system that allows companies to buy or sell allowances for a given amount of emissions, encouraging reduction in total emissions in a cost-effective manner.
Environmental Standards
Regulations and criteria set by authorities regarding the levels of pollutants that can be present in the environment or released over a certain time frame.
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