Cap-And-Trade Is Considered a Market-Based Policy Rather Than a Command

question 341

True/False

Cap-and-trade is considered a market-based policy rather than a command and control regulation.

---

Definitions:

Temporary Accounts

Accounts that are closed at the end of each accounting period; examples include revenue, expense, and dividend accounts.

Owner's Capital Account

An account that represents the total equity or ownership interest of the owner(s) in a business, reflecting contributions and withdrawals.

Closing Entries

Entries recorded at the conclusion of an accounting cycle to shift balances from temporary to permanent accounts.

Ledger

A book or other collection of financial accounts where all transactions are summarized and recorded.