A production or consumption quota that can be bought or sold is called:
A) a buyers' or sellers' quota.
B) a tax.
C) a tradable allowance.
D) a subsidy.

Question

Quizplus · Accepted Answer

A tradable allowance, also known as a tradable permit or emissions trading, is a market-based instrument that allows the buying and selling of permits or allowances that represent the right to emit a certain amount of a pollutant. Tradable allowances are often used to address environmental issues such as air pollution and greenhouse gas emissions. Buyers can purchase additional allowances if they need to emit more of a pollutant, while sellers can sell their unused allowances to other entities who exceed their quota.

A Production or Consumption Quota That Can Be Bought or Sold