A ____ Wavy Underline Indicates the Text May Be Incorrect

question 12

Multiple Choice

A ____ wavy underline indicates the text may be incorrect grammatically.

• A) red
• B) green
• C) blue
• D) purple

---

Definitions:

Pollutant Permits

Government-issued licenses allowing the holder to emit a certain amount of pollution; they can be bought and sold, creating an economic incentive for reducing emissions.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service versus the total amount that they actually do pay.

Demand Curve

A graph showing the relationship between the price of a good or service and the quantity demanded by consumers, typically downward sloping.

Adverse Selection

A situation in insurance and markets where buyers and sellers have different information, leading to transactions where the seller is more likely to sell a low-quality product.