7. The correct answer is C i.e Offset Trading offered large trade gains. The companies look cheaper ways to reduce their emissions below the cap set by EPA and then used the left emission credit to sell through auction to firm where emission are above cap which result in large trade gains.
Please answer all three. 7. The EPA's CAP program for SO2 gave producers an incentive to look for cheaper ways of lowering emissions becausc A. an emissions rate was mandated for firms and the pen...
a region that must reduce emissions, three polluters currently emit 30 units of emissions. The three firms have the following marginal abatement cost (MAC) functions that describe how marginal costs vary with the amount of emissions each firm reduces Firm Emissions Firm MAC $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 $5.50 Firm 2 MAC $1.00 $%2.00 $3.00 $4.00 $5.00 $6.00 $7.00 $8.00 $9.00 $10.00 Firm 3 MAC Reduction $%2.00 $3.00 $4.00 $5.00 $6.00 $7.00 $8.00 $9.00 $10.00 $11.00...
THERE ARE 20 total QUESTIONS PLEASE ANSWER ALL OF THEM QUESTION 1 One way to reduce the recessionary gap through fiscal policy is to O increase government purchases. increase taxes. O decrease transfer payments. decrease the MPC QUESTION 2 Which of the following is true of open-market operations? It involves the purchase and sale of government securities by the central bank. O it involves the purchase and sale of stocks and bonds by private banks. It involves measures taken by...