Emission Rate Trading Is a Trading System Designed to Achieve

question 21

Multiple Choice

Emission rate trading is a trading system designed to achieve more efficient pollution control.It can be described as:

• A)a program that issues tradable permits in order to limit aggregate emissions
• B)a program that regulates the rate at which pollutants are emitted
• C)a program that sets a standard for emission that no firm can exceed
• D)a program that allows new firms to pay existing firms to reduce their emissions below a standard

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Definitions:

Peck

A unit of volume for dry goods, historically used in agriculture and equal to about 8.809 or 9 liters in the US and UK respectively.

Bushel

A unit of volume that is used for measuring agricultural commodities, varying in actual volume by the product being measured.

Consumption

The use of goods and services by households or individuals for personal satisfaction or to fulfill needs.

Mercedes

A German global automobile marque known for luxury vehicles, buses, coaches, and trucks.