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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Income that is not subject to taxation according to the laws or regulations of a tax jurisdiction.

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Resources owned by an individual or business that have economic value or can provide future benefits.

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