Which of the Following Is Not True with Regard to Pollution

question 119

Multiple Choice

Which of the following is not true with regard to pollution control through transferable pollution rights?

• A)​It does not require the government to know in advance the pollution abatement techniques to be utilized.
• B)​It creates an incentive to develop improved pollution abatement technologies.
• C)​It ultimately requires all firms to reduce pollution in equal amounts.
• D)​It established private property rights that can be sold.

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Definitions:

Retaliation

Actions taken in response to an offense or wrongdoing, often seen in international trade policies as countermeasures to tariffs.

Trade War

A situation where countries impose tariffs or other trade barriers against each other in response to disputes, which can lead to decreased international trade.

Consumer Surplus

The difference between the maximum price a consumer is willing to pay for a good or service and the actual price they pay.

Predatory Dumping

It involves temporarily reducing the price of goods in foreign markets to eliminate competition, with the intent to raise prices once competition has been reduced or eliminated.