Cap-and-trade refers to A) capping emissions and issuing ...

[nautica902]

Cap-and-trade refers to
 
  A) capping emissions and issuing tradeable emissions permits.
  B) capping revenue from selling emissions permits.
  C) countries trading fishing rights in international waters.
  D) capping taxes on firms that engage in international trade.
  E) capping the benefits gained from pollution controls.

Question 2

An externality occurs when ________.
 
  A) the quantity demanded of a good exceeds the quantity supplied
  B) the quantity supplied of a good exceeds the quantity demanded
  C) the government regulates production and consumption decisions
  D) an economic activity affects third parties not engaged in the activity

[onowka]

Answer to Question 1

A

Answer to Question 2

D

[nautica902]

Thanks for the timely response, appreciate it

[chjcharjto14]

YES! Correct, THANKS for helping me on my review