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Carbon dioxide emissions have been linked to climate change. The following table lists some potential regulations targeting the amount of airborne carbon dioxide. For each
Carbon dioxide emissions have been linked to climate change. The following table lists some potential regulations targeting the amount of airborne carbon dioxide. For each policy listed, Identify whether it is a command-and-control policy (regulation), tradable permit system, corrective subsidy, or corrective tax. Command- and- Tradable Control Permit Corrective Corrective Public Policy Policy System Subsidy Tax The government charges factories $580 for every ton of carbon dioxide they emit. O O The government limits total carbon-dioxide emissions by all factories to 230,000 tons per year. Each Individual factory is given the right to emit 270 tons of carbon dioxide, O and factories may buy and sell these rights in a marketplace. The government orders every factory to adopt a new technology, which reduces carbon- O dioxide emissions into the atmosphere. Trees take carbon dioxide out of the air and convert it to oxygen, so the government O funds a tree-planting initiative by offering $580 to any citizen who plants a tree
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