Multiple choice question /It is worth 7 point/You have 1of 3 attempts remairing/
ID: 1103614 • Letter: M
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Multiple choice question /It is worth 7 point/You have 1of 3 attempts remairing/Ther a attempt penalty 7 Question (1 point) 1st attempt Which of the following is the best definition of a cap-and-trade policy for pollution? Choose one: A Consumption of the good being produced is capped by the government at the current level, but the good can O B. The number of firms producing a good is capped by the government at the current level, but the good can still C. Production of the good is capped by the government at the current level, but the good can still be traded in still be traded in the market be traded in the market. the market. D. Emissions of a pollutant are capped by the government at the current level, and the good being produced can still be traded in the market. e E. The government sets a capon emissions. Firms are given permits by the government to emit pollutants and have the right to trade the permits with each other.Explanation / Answer
Answer.) E.) The government sets a cap on emissions. Firms are given permits by the government to emit pollutants and have the right to trade the permits with each other.
The cap puts a limit on gas emissions which from time to time is lowered to reduce and control the amount of toxins released by pollutants into the atmosphere. The trade, on the other hand, builds a ready market for carbon permits helping industries and companies and factories to innovate so that they can meet their allocated emission limit.
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