The Figure Given Below Shows the Demand and Supply Curves

question 52

Multiple Choice

The figure given below shows the demand and supply curves of automobiles.Figure 13.3
In the figure,
D: Demand curve of automobiles
S: Supply of automobiles prior to the tax
S+t: Supply of automobiles after the tax

-When the government tries to control pollution through cap and trade, it _____.

• A)issues permits that enables the owners of the permit to pollute
• B)allows polluting firms to produce public goods that reduce pollution
• C)levies tax on the polluting firm
• D)gives subsidies to the firms who adopt clean production technologies
• E)takes legal actions against the firms who pollute beyond the specified level

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Definitions:

Health Insurance

A type of insurance coverage that pays for an individual's medical and surgical expenses or reimburses them for expenses incurred from illness or injury.

Congress

The bicameral legislature of the federal government of the United States, consisting of the Senate and the House of Representatives.

Social Security Act

Enacted in 1935, this key piece of legislation in the United States established a system of old-age benefits for workers, benefits for victims of industrial accidents, unemployment insurance, and aid for dependent mothers and children, the blind, and the physically handicapped.

Unemployment Insurance

A government program that provides temporary financial assistance to eligible workers who are unemployed through no fault of their own.