True False 0 0 Marketable permits typically achieve poilution reduction at a low

Question

True False 0 0 Marketable permits typically achieve poilution reduction at a lower cost than Pollution taxes are more effective Marketable permits are not as effective as pollution taxes atat reducing pollution than 0 reducing poillution marketable permits command-and-control regulation. 0 The term "cap and trade Marketable permits provide Compared with no regulation. describes regulation by their owners with the right to regulation with marketable permits marketable permits.pollute a specified amount increases firms costs O Previous Give Up & View Solution O check Answer 0 Next Exit. Hint

Explanation / Answer

Ans:

cap and trade is a market-based approach for controlling pollution in which tradable permits are provided for pollution emission.

Pollution tax is a tax levied per each unit of pollution emitted.

Table for True or False

Marketable permits typically achieve pollution reduction at a lower cost than command and control regulation.

Marketable permits provide their owners with the right to pollute a specified amount.

The term cap and trade describes regulation by marketable permits.

Compared with no regulation, regulation with marketable permits increases firms costs.

Pollution taxes are more effective at reducing pollution than marketable permits

Marketable permits are not as effective as pollution taxes at reducing pollution.

True False

Marketable permits typically achieve pollution reduction at a lower cost than command and control regulation.

Marketable permits provide their owners with the right to pollute a specified amount.

The term cap and trade describes regulation by marketable permits.

Compared with no regulation, regulation with marketable permits increases firms costs.

Pollution taxes are more effective at reducing pollution than marketable permits

Marketable permits are not as effective as pollution taxes at reducing pollution.

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