Which of the Following Is Not a Characteristic of Pollution

question 165

Multiple Choice

Which of the following is not a characteristic of pollution permits?

• A)Prices are set by supply and demand.
• B)Allowing firms to trade their permits reduces the total quantity of pollution beyond the initial allocation.
• C)Real-world markets for pollution permits include sulfur dioxide and carbon.
• D)Firms for whom pollution reduction is very expensive are willing to pay more for permits than firms for whom pollution reduction is less expensive.

---

Definitions:

Income

The financial gain received by an individual or a business, typically calculated on a yearly basis, from work, investments, or other sources.

Education

The systematic process of facilitating learning, acquisition of knowledge, skills, values, beliefs, and habits.

Scatter Diagram

A type of graph used in statistics to visually display and compare two or more variables to identify patterns, relationships, or trends.

Linear Model

A mathematical model that assumes a linear relationship between the independent and dependent variables.