In a cap-and-trade program, A) companies that exceed emission ...

[newbem]

In a cap-and-trade program,
 
  A) companies that exceed emission caps must agree to do better the following year.
  B) a company that does not reach its GHG cap pays taxes at a higher corporate rate.
  C) all companies pool their resources and try to stay under a collective cap.
  D) a company that does not reach its cap can sell credits to companies that exceed the caps.

Question 2

The application of the precautionary principle to a commercial fishery whose primary catch species is in decline would result in
 
  A) many years in which no fish are harvested at all.
  B) an optimal population size that is just about the maximum sustainable yield.
  C) a total allowable catch above the best estimate of the maximum sustainable yield.
  D) a total allowable catch below the best estimate of the maximum sustainable yield.

[C.mcnichol98]

Answer to Question 1

D

Answer to Question 2

D