An Economist Is More Likely to Identify _______ as a More

Multiple Choice

An economist is more likely to identify _______ as a more efficient and flexible way for society to _______.

A) marketable permits; allow a limited, declining amount of pollution to occur
B) better defined property rights; to address issues of allowable levels of pollution
C) market-oriented environmental tools; enforce strict limits on emissions
D) better defined property rights; to shrink pollution levels over time