a permit sold to firms by the government, allowing them to pollute up to a certain limit
2 of 5
Law of unintended consequences
when the actions of consumers, producers and governments have effects that are unanticipated
3 of 5
inflation
a persistent increase in the level of prices
4 of 5
Buffer stock scheme
Buffer stock schemes seek to stabilize the market price of agricultural products by buying up supplies of the product when harvests are plentiful and selling stocks of the product onto the market when supplies are low.
5 of 5
Other cards in this set
Card 2
Front
a permit sold to firms by the government, allowing them to pollute up to a certain limit
Back
Pollution permits
Card 3
Front
when the actions of consumers, producers and governments have effects that are unanticipated
Back
Card 4
Front
a persistent increase in the level of prices
Back
Card 5
Front
Buffer stock schemes seek to stabilize the market price of agricultural products by buying up supplies of the product when harvests are plentiful and selling stocks of the product onto the market when supplies are low.
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