Compared to Taxing Pollution, an Advantage of Auctioning Pollution Permits

question 154

Multiple Choice

Compared to taxing pollution, an advantage of auctioning pollution permits is that:

• A)the largest reductions in pollution are made by the firms that can do so the most cheaply.
• B)auctioning permits raises revenue for the government.
• C)it allows the public to directly reduce pollution by purchasing permits.
• D)it ensures that all firms reduce pollution by the same amount.

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Definitions:

Celadon Ceramics

A type of Chinese pottery known for its distinctive greenish-blue glaze, symbolizing refinement and purity, popular during various dynasties in China and widely exported.

Goryeo Dynasty

A Korean dynasty lasting from 918 to 1392, known for its achievements in art, particularly in the creation of celadon ceramics.

Tang Court

Refers to the imperial court of the Tang Dynasty in China, known for its cultural richness, including poetry, painting, and the patronage of the arts.

Worldly And Self-Assured

A phrase describing someone who is experienced in life and confident in their abilities and judgment.