A Policy to Deal with Carbon Emissions That Sets an Allowable

question 39

Multiple Choice

A policy to deal with carbon emissions that sets an allowable level and then permits power plants to buy and sell the right to pollute is commonly called

• A)emission regulation.
• B)partial pre-emption.
• C)cap and trade.
• D)race to the bottom.

---

Definitions:

Debit

An accounting entry that results in either an increase in assets or expenses or a decrease in liabilities, equity, or income.

Credit

The provision of resources (like money) by one party to another, where repayment is expected in the future, often with interest.

Journal Entries

Records of financial transactions in the double-entry bookkeeping system, noting debits and credits for each transaction.

Posting

The process of recording financial transactions in the ledger of an accounting system.