One Advantage About an Emissions Permit System Is That

question 194

Multiple Choice

One advantage about an emissions permit system is that

• A)it creates a "license to pollute," sure to be popular with environmentalists.
• B)it reduces uncertainty about the quantity of pollution that will be emitted.
• C)it is a direct control system and avoids the inefficiencies of a market.
• D)permits can be handed out on the basis of need to protect firms from high costs.

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Definitions:

Social Security Tax

A tax that funds the Social Security program, which provides benefits for retired workers, disabled individuals, and their dependents.

Fiscal Year-End

The completion of a one-year, or 12-month, accounting period, after which a company will prepare financial statements.

Employee Benefits

Non-wage compensation provided to employees in addition to their normal wages or salaries, including health insurance, pensions, and vacation.

Unemployment Taxes

Taxes imposed on employers at both federal and state levels to fund unemployment insurance benefits for workers who have lost their jobs.