It has to be C most likely I just think it is because it shows how the progress is rising
Answer:
a) all trades that can generate gains from trade take place, and no trades take place that would not generate gains from trade.
Explanation:
When we draw the demand and supply curve, the point in the curve where both meet shows that the market is in a state of equilibrium.
The price is the equilibrium price and the quantity is the equilibrium quantity. Prices would become stable at this point. At this point every trade that would bring about gains from trade would take place. There would be no trade in the market equilibrium that would not generate gains from trade. This is because the market equilibrium is an optimum point for trade for either party, that is the buyer and the seller.
Answer:
e. (b) and (c) only
Explanation:
Pollution can be defined as the physical degradation or contamination of the environment through an emission of harmful, poisonous and toxic chemical substances.
Offset trading refers to a type of trading system that is typically designed for the realization of more efficient pollution control.
Free market in tradable pollution permits simply means giving manufacturing companies and individuals the legal right to pollution of the environment. For example, XYZ company is purchasing the permit of 500 units of carbon dioxide (CO2) pollution annually, this simply means it is permitted to pollute the environment by 500 units of CO2 annually.
Additionally, a free market in tradable pollution permits has some sort of benefits as companies can resell their unused permits or devise a cheaper means of reducing pollution. It also compensate companies that significantly reduces its pollution of the environment.
The key components of a tradeable pollution permit system include;
I. The issuance of a fixed number of permits to new and existing business firms that emit pollutants.
II. A means through which permits can be exchanged among polluters such as new business firms being able to pay existing firms to reduce their emissions below a specific standard.
Answer:
A. risen; risen
Explanation:
This is true because you are able to purchase more with the same amount of money
Doing a cost benefit analysis is a part of making a rational choice.
<u>Explanation:</u>
Cost benefit analysis, some of the time likewise called benefit cost analysis or advantage costs investigation, is an efficient way to deal with assessing the qualities and shortcomings of choices used to decide choices which give the best way to deal with accomplishing benefits while safeguarding reserve funds.
A cost-benefit analysis is the simplest way of comparing your options to determine whether to go ahead with a project. The idea is to weigh up project costs against benefits, and identify the action that will give you the most bang for your buck.
