Which of the Following Statements Is True of Both Pollution

question 404

Multiple Choice

Which of the following statements is true of both pollution permits and corrective taxes?

• A)Both policies internalize the externality of pollution.
• B)Both policies require firms to pay for their pollution.
• C)Both policies lead to the establishment of an equilibrium price of pollution.
• D)All of the above are correct.

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Definitions:

English And Indians

Refers to the historical interactions, both cooperative and conflicted, between English settlers or colonists and the Indigenous peoples of North America.

Virginia Company

An English joint-stock company established in 1606 with the purpose of establishing colonial settlements in North America.

Tobacco Trade

The global commerce involving the cultivation, distribution, and sale of tobacco and tobacco-related products.

Chesapeake Area

A region surrounding the Chesapeake Bay, prominently in the states of Virginia and Maryland, known for its unique ecology and historical significance in early American history.