As a Method of Pollution Control,tradable Emissions Permits,or "Cap and Trade

question 51

Multiple Choice

As a method of pollution control,tradable emissions permits,or "cap and trade,"

• A)are an example of paternalistic social regulation.
• B)allow pollution to continue unabated,but only at a huge price to polluting firms.
• C)are more effective than emissions taxes when pollution is hard to measure.
• D)have the advantage of decentralized decision making (like emissions taxes)while also setting the maximum permissible level of pollution (like direct controls).
• E)are not a morally acceptable method of pollution control.

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Definitions:

Questionable Enforceability

Questionable enforceability refers to the uncertain legal status of a contract or clause, where its compliance with law or ability to be upheld in court is doubtful.

Writing Requirements

Legal stipulations that certain agreements, contracts, or transactions must be documented in writing to be legally enforceable.

E-commerce

The exchange of goods and services or the transfer of money or information, mainly through the internet or other electronic networks.

Statute of Frauds

A legal principle requiring certain types of contracts to be in writing and signed by the party to be charged with the contract, in order to be enforceable.