The Advantages of Emissions Permits Over Taxes Is/are That

question 28

Multiple Choice

The advantages of emissions permits over taxes is/are that

• A)it increases uncertainty about the quantity of pollution that will be emitted.
• B)environmental authorities decide on an emissions ceiling in advance of issuing permits.
• C)pollutants can be raised to levels that have adverse effects on health.
• D)firms whose marginal cost of reducing emissions are lower than the market price of permits will find it more profitable to buy additional permits than to reduce their emissions.

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Definitions:

Owned 50-50

refers to an arrangement or agreement where two parties each hold a fifty percent ownership interest in an asset, entity, or property.

Liable

The state of being legally responsible for something, especially in the context of lawsuits or debts.

Storage Shop

A commercial facility used for the storage of goods or personal items.

Damages

Monetary compensation awarded by a court to a person who has suffered loss or harm due to the unlawful act or negligence of another.