Another name for a system of marketable permits is ________.
A) cap-and-trade
B) command and control
C) the Environmental Protection Agency
D) the carbon tax

Question

Quizplus · Accepted Answer

A system of marketable permits is commonly referred to as cap-and-trade, where there is a cap on the overall amount of pollution that can be emitted and permits are traded among firms to meet this cap. Option B is a type of regulatory approach that involves setting specific standards for pollution control. Option C is an agency responsible for environmental protection in the United States. Option D is a type of tax levied on carbon emissions rather than a system of permits.

Another Name for a System of Marketable Permits Is ________