42)
Technological advances in pollution reduction
A)
reduce the demand for pollution permits.
B)
increase the demand for pollution permits.
C)
reduce the supply of pollution permits.
D)
increase the supply of pollution permits.
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the Application about how the price of pollution permits is determined to
answer the following question(s).
43)
Recall the Application. The ________ is a market for carbon dioxide allowances
issued to EU countries under the EU cap-and-trade system.
A)
Eurozone
B)
Continental Pollution Abatement League
C)
European Climate Exchange
D)
Paris Emissions Agency
44)
Recall the Application. Which of the following factors is used in determining
the demand for CO2 allowances in the EU?
A)
the level of economic activity
B)
fuel prices
C)
weather
D)
all of the above
45)
Under a system of marketable pollution permits, a firm with relatively low
abatement costs will buy permits from a firm with relatively high abatement
costs.
46)
A switch to marketable pollution permits will decrease abatement costs because
high-cost firms do most of the abating.
47)
Marketable pollution permits increase the amount of pollution generated because
firms that don’t want to reduce pollution can buy the right to pollute.
48)
The price at which marketable pollution permits are sold is set by the
government.
49)
A nationwide system of marketable pollution permits will reduce pollution
overall, but might increase pollution in some high abatement cost areas.
50)
Why should a system of marketable pollution permits lead to less costly
pollution abatement than a command-and-control system?
51) Why might a system of marketable pollution
permits lead to a higher concentration of polluted areas than would a
command-and-control system?
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