Choose the Statement That Is Incorrect

question 91

Multiple Choice

Choose the statement that is incorrect.

• A)Firms that have a high marginal abatement cost sell pollution permits.
• B)A cap is an upper limit.
• C)A cap is a pollution quota.
• D)A government that uses cap-and-trade must first estimate the efficient quantity of pollution and set the overall cap at that level.
• E)The government solves the problem of allocating the cap by making an initial distribution of the cap across firms and allowing them to trade in a market for pollution permits.

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Definitions:

Mobile Banking

A banking method that allows the bank customer to perform banking actions on his or her cell phone or other mobile device.

Banking Transactions

Financial activities conducted through a bank, such as deposits, withdrawals, transfers, and payments.

Smartphone

A smartphone is a mobile device that combines cellular connectivity, computing capabilities, and internet access, along with other functionalities.

MICR Numbers

A line of numbers printed at the bottom of checks using a special magnetic ink; includes bank routing number, account number, and check number, used for electronic processing.