A cap-and-trade program
A)assigns a property right to the atmosphere.
B)mandates that every firm individually cut its emissions to below a certain level.
C)assigns a property right to polluting the atmosphere.
D)is easy to establish and enforce.

Question

Quizplus · Accepted Answer

A cap-and-trade program assigns a property right to polluting the atmosphere by allowing firms to buy and sell emission permits, thus creating a market for pollution rights.

A Cap-And-Trade Program