The Clean Air Interstate Rule (CAIR)
a. established three trading programs, one for SO2 and two for NOX
b. was enacted under the Obama Administration
c. set emissions limits without any accompanying trading program
d. all of the above
e. none of the above
a. established three trading programs, one for SO2 and two for NOX
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Investment in a broad portfolio of stocks is most attractive for
a. short-term investors. b. long-term investors. c. investors seeking a steady rate of return. d. investors who will need the funds for other purposes in about 10 years.
The Tragedy of the Commons
a. occurs most often with public goods. b. is only applicable to shared grazing rights among sheep herders. c. is eliminated when property rights are assigned to individuals. d. occurs when social incentives are in line with private incentives.