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.
c
Economics
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If the price of one good changes, what happens to the relative price and the slope of the household's budget line?
What will be an ideal response?
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A voluntary import expansion involves a
A) country agreeing to import more from another country. B) country agreeing to reduce its trade barriers. C) country agreeing to an import quota. D) firm agreeing to expand output.
Economics