How do governments attempt to correct market failure and what is government failure?
quick quiz
- Created by: Lottie
- Created on: 20-12-11 16:01
Other questions in this quiz
2. What is a subsidy?
- an emissions trading sytem
- Grant provided by the gov to encourage production/consumtion of a particular good
- taxes levied on expenditure
3. What are tradable pollution permits?
- an emissions trading sytem
- paying for removal of same amount of carbon emissions elsewhere
- certificates that you must buy from the government if you cannot use renewable energy
4. What is carbon offsetting?
- paying for removal of same amount of carbon emissions elsewhere
- certificates that you must buy from the government if you cannot use renewable energy
5. What are renwable energy certificates?
- certificates that you must buy from the government if you cannot use renewable energy
- paying for removal of same amount of carbon emissions elsewhere
- rights allocated by the gov about what rights you have on a property
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