A System of Cap-And-Trade Is Used to Reduce Acid Rain

question 49

Multiple Choice

A system of cap-and-trade is used to reduce acid rain caused by emissions from electric power utilities.Which of the following statements is true?

• A)Market forces determine both the demand for pollution permits and their supply.
• B)Public choice determines both the demand for pollution permits and their supply.
• C)Market forces determine the demand for pollution permits,and property rights determine their supply.
• D)Property rights determine the demand for pollution permits,and the government determines their supply.
• E)Market forces determine the demand for marketable permits,and the government determines their supply.

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Definitions:

Perceived Alternatives

The options one believes are available to them in a given situation, which can influence decision-making and behavior.

Commitment

The state or quality of being dedicated and loyal to a cause, activity, or relationship, often requiring effort and sacrifices.

Passion Alive

Keeping passion alive refers to actively maintaining interest, enthusiasm, and emotional engagement in activities, relationships, or life pursuits.

Novel

Something that is new, original, and not previously seen or experienced.