Asked by Rossi Lopez on Jun 23, 2024
Verified
An emissions tax will:
A) ensure that the marginal benefit of pollution is equal for all sources of pollution.
B) set standards to which all producers must adhere,regardless of their production costs.
C) cause all polluters to reduce emissions by the same amount.
D) increase pollution,but not in the most efficient cost-saving way.
Emissions Tax
A tax imposed on the emission of pollutants, aimed at reducing environmental harm by incentivizing companies to lower their pollution levels.
Marginal Benefit
The further enjoyment or utility obtained when one more unit of a product or service is consumed.
Pollution
The existence or entry of a harmful or toxic material or object into the environment.
- Differentiate among various categories of taxes and their designed impacts on market dynamics and productivity.
- Gain insight into the operation of pollution permits and their superiority to other regulatory practices.
Verified Answer
Learning Objectives
- Differentiate among various categories of taxes and their designed impacts on market dynamics and productivity.
- Gain insight into the operation of pollution permits and their superiority to other regulatory practices.
Related questions
Taxes on Sulfur Dioxide Emissions,excise Taxes on Gas,and Sales Taxes ...
Emissions Taxes and Tradable Emissions Permits Both Ensure That Any ...
Environmental Standards Ensure That the Marginal Benefit of Pollution Is ...
Economic Income Is the Sum of Consumption and ...
During 2016, Tony's Assets Equal $200,000 and His Liabilities Are ...