The most direct way to accomplish a reduction in the number of permits for a cap-and-trade is
A) initial distribution of permits is dated according to the year in which it may be used, after which a declining set of permits would be issued.
B) regulating agencies could buy permits and retire them.
C) new laws could be adopted periodically to adjust the distribution and number of permits.
D) regulators could request that firms leave the industry.

Question

Quizplus · Accepted Answer

The initial distribution of permits is dated according to the year in which it may be used, after which a declining set of permits would be issued. This would directly reduce the number of permits available in the cap-and-trade system.

The Most Direct Way to Accomplish a Reduction in the Number