How Are Tradable Pollution Permits Used

question 81

Multiple Choice

How are tradable pollution permits used

• A)They are permits bought by firms where prices are set by the government.
• B)They will be bought by firms that can reduce pollution only at high costs.
• C)They will be bought by firms that can reduce pollution at low costs.
• D)They will be used in reducing pollution when corrective taxes cannot be used.

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Definitions:

Payment

The transfer of money, goods, or services in exchange for a product, service, or fulfillment of a legal obligation.

Sole Proprietorship

A business where the sole owner is responsible for the management and the debts of the business.

Table Router

A power tool used for woodworking that combines the functionalities of a router and a stationary table, allowing for precise routing operations.

Hardwood

A type of wood that comes from angiosperm trees, distinguished by its dense and durable qualities, often used in furniture, flooring, and construction.