The European Union established a cap-and-trade system which was designed to
A) eliminate air pollution and greenhouse gases by the year 2020.
B) reduce carbon dioxide emissions.
C) remove all taxes from polluting industries.
D) provide fast growing developing countries with the technology to reduce their carbon emissions.
Question 2
Identify the six basic requirements that economists generally agree must exist for a successful transition from socialism to a market-based system.
What will be an ideal response?