Do Economists Tend to Favor a System in Which Power

question 34

Multiple Choice

Do economists tend to favor a system in which power plants buy and sell the right to pollute in the form of emission credits?

• A) No; these programs are ineffective because they encourage major polluters to free ride on the efforts of others.
• B) No; it is possible for some firms to do nothing if they simply buy enough credits.
• C) Yes; they encourage all firms to cut pollution by the same percentage.
• D) Yes; they believe that such a proposal would achieve a level of pollution reduction with the lowest cost to society.

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Definitions:

Asparagine

An amino acid, denoted by the symbol N, that is used in the biosynthesis of proteins.

Stereoisomers

Molecules that have the same molecular formula and sequence of bonded atoms (constitution), but differ in the three-dimensional orientations of their atoms in space.

Glycine

The simplest amino acid, used in the body for the synthesis of proteins.

Gly

Glycine, the simplest amino acid, with the chemical formula NH2CH2COOH.