An Economist Is More Likely to Identify _______ as a More

question 99

Multiple Choice

An economist is more likely to identify _______ as a more efficient and flexible way for society to _______.

• A) marketable permits; allow a limited, declining amount of pollution to occur
• B) better defined property rights; to address issues of allowable levels of pollution
• C) market-oriented environmental tools; enforce strict limits on emissions
• D) better defined property rights; to shrink pollution levels over time

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Definitions:

G20

An international forum for governments from 20 major economies to discuss policy issues related to international financial stability.

Finance Ministers

Government officials responsible for developing and implementing policies and laws on financial and fiscal matters, including budgeting and taxation.

Permanent Secretariat

A permanent administrative office or department, especially within large organizations or international bodies, which carries out routine secretarial duties.

Financial and Monetary Policies

The set of measures by government agencies, such as controlling money supply and interest rates, aimed at managing the economy.