One of the Characteristics of the Cap-And-Trade System Is That

question 11

Multiple Choice

One of the characteristics of the cap-and-trade system is that

• A) there is no way to ensure that pollution is reduced below some allowable total amount.
• B) it is inflexible, and does not respond well to differences in the marginal cost of pollution reduction.
• C) it is more expensive than a command-and-control system.
• D) it reduces the economic damage that would have been done by a command-and-control system.

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Definitions:

Article II

A section of the U.S. Constitution that outlines the executive powers of the President of the United States.

Constitution

The fundamental principles or established precedents according to which a state or other organization is governed.

Judicial Branch

The branch of government responsible for interpreting laws, resolving legal disputes, and administering justice.

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Pertains to the section of the United States Constitution that establishes the judicial branch of the federal government.