Which of the following is an advantage of tradable pollution permits?
a. Each firm is allowed to pollute exactly the same amount.
b. Revenue from the sale of permits is greater than revenue from a corrective tax.
c. The initial allocation of permits to firms does not affect the efficiency of the market.
d. Firms will engage in joint research efforts to reduce pollution.
c
You might also like to view...
In the United States, the wealthiest 20 percent of households own about ________ of total wealth
A) 44 percent B) 53 percent C) 62 percent D) 83 percent
Which of the following would most likely be a public good?
A) Sirius Satellite Radio is accessed through a subscription. B) iTunes sells songs through their website. C) a Mariah Carey CD D) Michigan Radio is the state's most listened-to public radio service.
Limits to self-interested payoff maximization that have been studied by behavioral economists include
a. limited cognitive ability. b. limited willpower. c. limits to self interest. d. all of the above.
Which of the following is an effect of an increase in the price level in an economy?
What will be an ideal response?