Match List I with List II

List I 

List II

A.

Cost-effectiveness

I.

a policy that directly regulates polluters through the use of standards.

B.

Pollution permit trading system

II.

an incentive based policy that encourages conservation practices or pollution reduction technologies 

C.

Market approach

III.

Requires that the least amount of resources be used to achieve an objective.

D.

Command-and-control approach

IV.

A market instrument that establishes a market for rights to pollute  

Choose the correct answer from the options given below: 

1
A - I, B - II, C - III, D - IV
2
A - III, B - IV, C - I, D - II
3
A - IV, B - III, C - II, D - I
4
A - III, B - IV, C - II, D - I

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