Which of the following are correct about carbon regulations. Please check all that apply. Firms generally prefer cap and trade programs (compared to carbon tax) due to cost certainty. Environmentalists typically prefer a cap and trade program (compared to a carbon tax) due to benefits certainty. A cap and trade program regulates all firms selling services to other firms and/or consumers. A carbon tax program impacts all fossil fuel consumers. A carbon tax only impacts the heavy emitters, such as utilities, cement manufacturers, paper manufacturers, etc.
Which of the following are correct about carbon regulations. Please check all that apply. Firms generally prefer cap and trade programs (compared to carbon tax) due to cost certainty. Environmentalists typically prefer a cap and trade program (compared to a carbon tax) due to benefits certainty. A cap and trade program regulates all firms selling services to other firms and/or consumers. A carbon tax program impacts all fossil fuel consumers. A carbon tax only impacts the heavy emitters, such as utilities, cement manufacturers, paper manufacturers, etc.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter30: Market Failure: Externalities, Public Goods, And Asymmetric Information
Section: Chapter Questions
Problem 14QP
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Transcribed Image Text:Which of the following are correct about carbon regulations. Please check all that apply.
Firms generally prefer cap and trade programs (compared to carbon tax) due to cost certainty.
Environmentalists typically prefer a cap and trade program (compared to a carbon tax) due to
benefits certainty.
A cap and trade program regulates all firms selling services to other firms and/or consumers.
A carbon tax program impacts all fossil fuel consumers.
A carbon tax only impacts the heavy emitters, such as utilities, cement manufacturers, paper
manufacturers, etc.
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