In Some Industries, Pollution Rights Are Sold from One Company

question 17

Multiple Choice

In some industries, pollution rights are sold from one company that does not need them to another that does. In recent years, conservation groups have purchased pollution rights so they cannot be exercised. Companies in need of pollution rights would find that:

• A) the supply of pollution rights had increased.
• B) the prices of pollution rights had fallen.
• C) the relative costs of pollution control equipment had gone up.
• D) the prices of pollution rights had gone up.

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Definitions:

Grievance

A complaint or formal notice of dissatisfaction, usually from an employee towards an employer, regarding some aspect of employment.

Arbitration

A form of alternative dispute resolution where a neutral third party, known as an arbitrator, makes a decision to resolve a dispute outside of court.

Reserved Rights Clause

A provision in a contract that outlines specific rights retained by parties, limiting the scope of rights granted.

Collective Bargaining

The process by which employers and groups of employees negotiate labor contracts concerning wages, working conditions, benefits, and other aspects of workers' compensation.