A governmental limit on the amount of pollution that may be emitted is referred to as:
A)a public good.
B)an emissions standard.
C)an emissions fee.
D)a positive externality.

Question

Quizplus · Accepted Answer

An emissions standard is a governmental limit on the amount of pollution that may be emitted. A public good refers to a good or service that is non-excludable and non-rivalrous. An emissions fee, also known as a pollution tax, is a fee imposed on companies that emit pollutants. A positive externality refers to the spillover effects of a good or service that benefits a third party, without any compensation. An emissions standard is a specific limit set by the government on the amount of pollution that may be emitted. This is a form of government regulation designed to reduce the negative externalities associated with pollution. A public good is a good or service that is non-excludable and non-rivalrous, such as national defense or street lighting, and is not directly related to pollution. An emissions fee is a pricing mechanism that charges polluters for the negative externalities they create, whereas an emissions standard is a specific limit on pollution levels. A positive externality is a benefit created by an economic activity that is not directly reflected in the market price, and is not related to pollution regulation.

A Governmental Limit on the Amount of Pollution That May