"Pollution permits" are an example of which of the following methods of achieving our environmental goals?
A) pricing mechanisms
B) government subsidies
C) a laissez-faire approach
D) regulations

Question

Quizplus · Accepted Answer

Pollution permits are a type of pricing mechanism used to achieve environmental goals. They work by creating a market for pollution where companies are given a certain number of permits to emit a certain amount of pollutants. Companies can then buy or sell permits, incentivizing reductions in pollution from those who can reduce emissions most efficiently. This policy approach is intended to both reduce pollution and minimize the economic burden on businesses.

"Pollution Permits" Are an Example of Which of the Following