Give typing answer with explanation and conclusion  One advantage of an emissions tax over a cap-and-trade system is that   a. permit markets can have transactions costs that taxes do not.   b. taxes put a price on pollution, but cap-and-trade systems do not.   c. once a cap-and-trade system is in place, there is no way for the government to adjust the price of permits.   d. taxes are always popular.

Principles of Economics 2e
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Author:Steven A. Greenlaw; David Shapiro
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Chapter12: Environmental Protection And Negative Externalities
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Problem 6SCQ: Classify the following pollution-control policies as command-and-control or market incentive based....
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Give typing answer with explanation and conclusion 

One advantage of an emissions tax over a cap-and-trade system is that

 

a. permit markets can have transactions costs that taxes do not.

 

b. taxes put a price on pollution, but cap-and-trade systems do not.

 

c. once a cap-and-trade system is in place, there is no way for the government to adjust the price of permits.

 

d. taxes are always popular.

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