(Last Word) in a Cap-And-Trade Program

question 74

Multiple Choice

(Last Word) In a cap-and-trade program,

• A) government fixes the price of pollution rights and firms choose how many permits to purchase.
• B) government fixes the maximum amount of a pollutant that firms can discharge and issues permits that firms can buy from and sell to each other.
• C) each firm is provided a fixed number of permits for a particular pollutant and no individual firm is allowed to acquire additional permits.
• D) firms can emit whatever type of pollutant they want, so long as the total tonnage does not exceed a government-established quantity.

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Definitions:

Catatonic

A state of psycho-motor immobility and behavioral abnormality, often found in schizophrenia.

Neurotransmitters

Neurotransmitters are chemical messengers in the brain that transmit signals from one neuron to another, playing critical roles in mood, thought processes, and body functions.

Unipolar Depression

A major depressive disorder characterized by a persistent feeling of sadness or a lack of interest in external stimuli, without episodes of mania.

Chronicity

The characteristic of being long-lasting or persistent, especially in relation to diseases or medical conditions.