Asked by
Johanny Davis
on Nov 21, 2024Verified
The government gives power plants a $10,000 reduction on their annual taxes for each pollution control device installed. The tax reduction is referred to as:
A) Marketable discharge permits.
B) Government subsidies.
C) Green taxes.
D) Direct regulation.
E) Tort law.
Government Subsidies
Financial assistance provided by the government to individuals, businesses, or organizations to support economic activities deemed beneficial to the public.
Pollution Control Device
Equipment or systems designed to reduce or eliminate pollutants emitted from industrial and commercial processes before they are released into the environment.
- Comprehend the workings of environmental control mechanisms including tradable emission permits and the impact of taxation on pollution.
Verified Answer
SA
Learning Objectives
- Comprehend the workings of environmental control mechanisms including tradable emission permits and the impact of taxation on pollution.
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