Government-imposed quantitative limits on the amount of pollution firms are allowed to produce is an example of
A) the Pigovian method of pollution control.
B) a command-and-control approach to pollution reduction.
C) a Coasian solution to pollution reduction.
D) a tradable emission allowance system of pollution control.
Answer: B
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Large banks in the United States:
A. may not keep more than 10% of deposits in reserve. B. are required to keep between 10% and 90% of deposits in reserve. C. are not required to keep any deposits in reserve. D. must keep at least 10% of deposits in reserve.
Use the following table showing the consumption schedule for an economy to answer the next question. All figures are in billions of dollars.RGDPConsumption$440$450490490540530590570640610Given a level of investment and government expenditures totaling $30 billion, zero net exports, and a lump-sum tax of $30 billion, a reduction of government expenditures of $20 billion at each level of real GDP will result in an equilibrium real GDP of
A. $490 billion. B. $590 billion. C. $640 billion. D. $540 billion.