Which of the following is TRUE of the European Union's cap-and-trade program?
A) Firms are taxed based on the their pollution levels.
B) Firms are forced to shut down when they exceed their pollution limits.
C) Governments subsidize firms to develop devices to reduce pollution.
D) Firms can trade pollution permits to meet their pollution limits.
Answer: D
Economics
You might also like to view...
The relationship between planned real consumption expenditures of households and their current level of real disposable income is
A) the consumption function. B) saving. C) dissaving. D) investment.
Economics
Refer to Figure 7-4. If consumers paid the full price of medical services, the price they would pay is
A) $25. B) $40. C) $55. D) >$55.
Economics