Millionaire Mode

Law and Economics of Environmental Law

Question 1 of 10

What is an externality in the context of environmental law?

  1. A cost or benefit that is imposed on a third party as a result of an economic activity.
  2. A tax or fee imposed on a polluter to discourage pollution.
  3. A legal right to use or enjoy property.
  4. A market-based mechanism that allows polluters to trade pollution permits.

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000