Examlex
Which of the following is a type of influence that shapes our behaviors?
Acid Rain
Acid rain is precipitation with a high concentration of acidic components, typically resulting from industrial emissions that affect water, soil, and living conditions adversely.
Tradable Pollution Permits
Licenses that allow the holder to emit a certain amount of pollution that can be bought and sold, aiming to reduce overall pollution in a cost-effective manner.
Direct Regulation
Government-imposed requirements or restrictions on the operations of businesses or individuals to enforce standards or achieve objectives.
Coase Theorem
An economic theorem which states that if property rights exist, only a few transactions cost, and externalities can be traded, then the allocation of resources will be efficient and invariant of who owns the rights.
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