Suppose That Next Year the Government Fixes the Number of Pollution

question 135

Multiple Choice

Suppose that next year the government fixes the number of pollution permits at a quantity less than the number sold this year. If nothing else changes, next year the price of a pollution permit will be

• A) greater than the price of a permit this year.
• B) less than the price of a permit this year.
• C) equal to the price of a permit this year.
• D) equal to the price set by the government.

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Definitions:

Customs Trade Partnership Against Terrorism (C-TPAT)

A voluntary supply chain security program led by U.S. Customs and Border Protection, focused on improving the security of private companies' supply chains with respect to terrorism.

U.S. Security Standards

Regulations and guidelines established within the United States to ensure the safety and security of information systems and data.

Compression

The reduction in volume or size of a material or data, often through applying pressure or using encoding techniques to decrease storage or transmission requirements.

Lean Supply Chains

Supply chain management philosophy focused on minimizing waste and enhancing value for the end customer through continuous improvement.