Which of the Following Require Firms to Pay to Pollute

question 451

Multiple Choice

Which of the following require firms to pay to pollute?
(i) corrective taxes
(ii) tradable pollution permits
(iii) pollution regulations

• A)(i) only
• B)both (i) and (ii)
• C)(iii) only
• D)both (ii) and (iii)

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Definitions:

Wage Rate

The amount of money paid to an employee per unit of time or per task performed, often expressed as an hourly or piece rate.

Total Product

The overall quantity of output that a firm produces, usually within a given period.

Farmer

An individual involved in agricultural activities aimed at producing food, feed, fiber, and other goods by the systematic raising of domesticated plants and animals.

Labor Demand Curve

A graphic representation showing the relationship between the quantity of labor demanded by employers and the wage rate.