Suppose One Could Either Rent a Car or Take a Train

question 50

Multiple Choice

Suppose one could either rent a car or take a train to travel to Chicago from Washington,D.C. If the price of train tickets increases:

• A) the demand for train tickets will increase.
• B) the demand for rental cars will increase.
• C) the demand for train tickets will decrease.
• D) the demand for rental cars will decrease.

---

Definitions:

Cap-And-Trade

Cap-and-trade is an environmental policy tool designed to reduce pollution by setting a limit (cap) on emissions and allowing businesses to buy, sell, or trade permits for emissions under this cap.

Emission Allowances

Emission allowances are permits or credits that allow the holder to emit a certain amount of pollutants over a set period.

Aggregate Emissions

The total amount of emissions (such as CO2, methane) released into the atmosphere by a specific entity, region, or activity, contributing to environmental impacts like climate change.

Sustainability Initiatives

Practices and strategies companies implement to manage and improve the environmental, social, and economic impacts of their operations.