Marketable Pollution Permits Reduce Pollution By

question 7

Multiple Choice

Marketable pollution permits reduce pollution by:

• A) promoting voluntary negotiations between polluters and damaged parties.
• B) extracting less raw material from the environment.
• C) exchanging licenses to discharge a specified amount of pollution into the environment.
• D) placing a tax on polluters equal to pollution costs.

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Definitions:

U.S. model

A term that refers to the United States' unique blend of market-driven economics and its specific regulatory, labor, and consumer practices which influence global business norms.

Labor relations

The field that studies and manages the relationships between employers and their employees, particularly when employees are represented by a union.

Economic conditions

The state of an economy at a given time, including factors like inflation, employment rates, and GDP growth that influence business and labor markets.

Susceptible

Being likely to be influenced or harmed by a particular thing or condition.