The system of tradable allowances for carbon dioxide proposed by President Obama:
I. would be easy to implement today if not for the political in-fighting in Congress.
II. would create incentives for firms to move toward the use of fuels that contribute less to global warming (such as nuclear, solar, and so forth).
III. would create large revenues for the government, but do little to increase economic efficiency.
A) I and II only
B) II and III only
C) II only
D) I, II, and III

Question

Quizplus · Accepted Answer

The system of tradable allowances for carbon dioxide proposed by President Obama:
I. would be easy to implement today if not for the political in-fighting in Congress.
II. would create incentives for firms to move toward the use of fuels that contribute less to global warming (such as nuclear, solar, and so forth) .
III. would create large revenues for the government, but do little to increase economic efficiency.

The System of Tradable Allowances for Carbon Dioxide Proposed by President