Which of the Following Statements Is TRUE

question 54

Multiple Choice

Which of the following statements is TRUE?
I. The EPA's tradable allowances program for sulfur dioxide establishes property rights to pollute and helps reduce transaction costs by distributing allowances, maintaining databases, and monitoring emissions.
II. One criticism of tradable allowances is that they prohibit nonbusinesses and environmental groups from purchasing the allowances.
III. The tradable allowances for sulfur dioxide have performed poorly because electricity output has increased, causing a rise in sulfur dioxide levels.

• A) I only
• B) II and III only
• C) I, II, and III
• D) III only

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Definitions:

Marsupials

Mammals that carry and nurture their young in a pouch.

Jawless Fishes

A group of fish characterized by their lack of a true jaw, examples include lampreys and hagfishes.

Primitive Vertebrates

Early forms of vertebrates, such as fish and amphibians, that show basic features of the vertebrate lineage and provide insight into evolutionary history.

Cartilaginous Fish

Cartilaginous fish are a class of fishes that have skeletons made entirely out of cartilage, rather than bone, including sharks, rays, and skates.