Statement I: Most Americans would be willing to give up driving to reduce auto emissions to zero.
Statement II: Trading in pollution permits is banned on the Chicago Board of Trade but has flourished on the black market.

A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.

Auto Emissions

Pollutants released into the atmosphere from the exhaust of an internal combustion engine vehicle, which contribute to air pollution and environmental damage.

Pollution Permits

Government-issued licenses allowing the holder to emit a certain amount of pollutants into the environment.

Chicago Board

Typically signifies the Chicago Board of Trade (CBOT) or Chicago Board Options Exchange (CBOE), prominent platforms for trading commodities and options respectively.