GAGE | MINDTAP york (Ch 10) Inderstanding different policy options to correct for negativeexternalities rbon dioxide emissions have been linked to worsening climate conditions. The following table lists some possible public policies aimed at reducing e amount of carbon dioxide in the air. of 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 orders every factory to adopt a new technology, which reduces carbon- dioxide emissions into the atmosphere. The government limits total carbon-dioxide emissions by all factories to 160,000 tons per decade. Each individual factory is given the right to emit 130 tons of carbon dioxide, O O and factories may buy and sell these rights in a marketplace. The government charges factories $340 for every ton of carbon dioxide they emit. Trees take carbon dioxide out of the air and convert it to oxygen, so the government O O O funds a tree-planting initiative by offering $340 to any citizen who plants a tree. Grade It Now Save & Continue Continue without saving