Multiple Choice
A system of cap-and-trade is used to reduce acid rain caused by emissions from electric power utilities.Which of the following statements is true?
A) Market forces determine both the demand for pollution permits and their supply.
B) Public choice determines both the demand for pollution permits and their supply.
C) Market forces determine the demand for pollution permits,and property rights determine their supply.
D) Property rights determine the demand for pollution permits,and the government determines their supply.
E) Market forces determine the demand for marketable permits,and the government determines their supply.
Correct Answer:
Verified
Correct Answer:
Verified
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