Asked by Elizabeth Jimenez on Sep 29, 2024
Adding external costs to the cost of goods and services would counter the amount people now pay for poor health,high-priced insurance,and pollution controls.
External Costs
External costs are those costs that are not directly accounted for by the producer or consumer but are incurred by third parties or the environment.
High-Priced Insurance
High-Priced Insurance refers to insurance policies that come with significantly higher premiums, often due to higher risks associated with the insured entity or property.
Pollution Controls
Measures and technologies applied to reduce or eliminate the emission of pollutants into the environment.
- Evaluate the contribution of taxation and regulation to enhancing environmental quality via comprehensive cost pricing.
Learning Objectives
- Evaluate the contribution of taxation and regulation to enhancing environmental quality via comprehensive cost pricing.
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