What is a key difference between corrective taxes and pollution permits?

What is a potential benefit of creating a market for pollution permits?

How can subsidies be used to correct the positive externality of education?

In a market with a positive externality, how does a subsidy affect the equilibrium quantity?

What is a Pigovian tax?

Which of the following is an example of a command and control policy addressing a negative externality?

Which of the following is a command and control policy for a positive externality?

How do pollution permits function as a quantity limitation approach?

What is the economic rationale for allowing some pollution?

What is the effect of a subsidy on the market for education?