Which of the Following Is an Environmental Policy Based on Tradable

question 151

Multiple Choice

Which of the following is an environmental policy based on tradable emission permits?

• A)a charge to companies of $1 for 100 units of pollutants emitted
• B)paying companies $1 for each 10% reduction in emissions
• C)allowing companies to buy and sell the right to a certain level of emissions
• D)ignoring pollution and letting private markets operate without government interference

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Definitions:

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The process of creating new concepts, solutions, or approaches to solve problems or address challenges.

Economic Change

Adjustments in the economic conditions or structures, which can affect employment, inflation rates, and overall economic growth.

Common Currency

A currency that is used by multiple countries, enabling easier trade and economic policy coordination, such as the Euro in the European Union.

European Union

A political and economic union of 27 European countries that are located primarily in Europe, aiming to foster economic cooperation and maintain peace.