One Concern That Environmentalists Have Is That Market-Oriented Environmental Tools

question 9

Multiple Choice

One concern that environmentalists have is that market-oriented environmental tools are

• A) an inflexible took that won't reduce pollution levels.
• B) an excuse to implement strict limits on emissions.
• C) an excuse to allow pollution to be maintained or to grow.
• D) able to achieve desired reductions in pollution at a lower cost.

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Definitions:

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount they actually do pay.

Easton Bats

A brand known for manufacturing sports equipment, particularly high-quality baseball and softball bats.

Burden of the Tax

The distribution of the financial impact of a tax between buyers and sellers in a market.

Deadweight Loss

An economic inefficiency resulting from the failure to achieve or the impossibility of achieving equilibrium in the market for a particular good or service.