Which of the Following Statements Is Not Correct

question 78

Multiple Choice

Which of the following statements is not correct?

• A)Tradable pollution permits have an advantage over corrective taxes if the government is uncertain as to the optimal size of the tax necessary to reduce pollution to a specific level.
• B)Both corrective taxes and tradable pollution permits provide market-based incentives for firms to reduce pollution.
• C)Corrective taxes set the maximum quantity of pollution, whereas tradable pollution permits fix the price of pollution.
• D)Both corrective taxes and tradable pollution permits reduce the cost of environmental protection and thus should increase the public's demand for a clean environment.

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Definitions:

Labor Relations

The study and practice of managing the relationships between employers and employees, often focusing on collective bargaining, unions, and workers' rights.

Corporate Internationalization

The expansion of a company's operations and influence beyond its national borders, entering foreign markets through trade, investment, or partnerships.

Unions

Organizations formed by workers to protect their rights and interests, often engaging in collective bargaining with employers.

International Trade Union Confederation

A global organization that brings together national trade unions from various countries to promote workers' rights and interests internationally.