Most economists favor a tax on carbon because Group of answer choices -The costs of carbon emissions have been underestimated by the market system and the tax would help businesses and consumers make better choices -Economists are in favor of anything that helps the government -That is not true. Most economists question climate change. -Taxes help to increase corporate profits

Q: 3.1. (Government) Complete each of the following sentences: a. When the private operation of a…

A: a. When the private operation of a market leads to overproduction or underproduction of some good,…

Q: 7. An externality occurs when the benefits or costs of an economic activity are external and not…

A: The externality is defined as the cost or benefit that is unrelated to the third party involved. It…

Q: . Both Wisconsin and Illinois border Lake Michigan. The lake is becoming polluted and both states…

A: If Wisconsin spends 1,200 to clean the lake, then the Wisconsin receives benefit of 1,100 and…

Q: Conservation provisions in a Farm Bill are good for the environment and O all of these none of these…

A: Conservation provisions in a farm bill provides financial help for conservation of soil and water by…

Q: 1. Credit: Matthew Kahn Which of the following statements are true? (pick all) The social cost of…

A: Option a: This option is incorrect because, the wage level of factory workers doesn't impact the…

Q: 5. What are economic benefits of using biodegradable plates? Explain.?.

A: We know that Biodegradable plates are substitutes for plastic plates. The reason biodegradable…

Q: How does the plastic pollute the environment in Bangladesh during the year 2018-2022. Detail…

A: Plastic Pollution: refers to the environmental issue caused by the accumulation of plastics waste in…

Q: A corrective tax on the emission of carbon wastes is one possible way to reduce the economic costs…

A: Large scale of Carbon emission by factories are biggest problem in this world. The problem of global…

Q: QUESTION 10 Plastic bags take up to 1000 years to decompose in landfills, and end up in oceans where…

A: Step 1:    To align the marginal private cost of plastic waste with the marginal social cost, the…

Q: Could you reply to this message (you can agree/disagree or add more information)? Message: "To be…

A: The economics as a study is based upon the idea that there is a limit to the resources with the…

Q: 10 If there is a positive externality a tax on the good can lead the market to produce the efficient…

A: An externality is a benefit/cost associated with an activity recevied or incurred by a third person…

Q: How can the world come together to combat climate change? Give examples.

A: Global warming or climate change has been a prolonged issue that has been in existence from the…

Q: (Figure: The Quantity of Pollution in Coal Production) Use Figure: The Quantity of Pollution in Coal…

A: The optimal quantity is where the marginal social benefit is equal to the marginal social cost.…

Q: The graph shows the marginal benefit and marginal cost of a waste disposal system in a city of 1…

A: Efficient capacity occurs at the point where the marginal social benefit and marginal social cost…

Q: What advantages and disadvantages do you see in using acap-and-trade system to reduce greenhouse gas…

A: Emissions trading, also known as "cap and trade," is a low-cost method of lowering greenhouse gas…

Q: 8. The table shows the marginal private benefit schedule from a college education. The marginal cost…

A: Market equilibrium: At the market equilibrium we have demand equals to supply. Or at market…

Q: 4. Understanding different policy options to correct for negativeexternalities Carbon dioxide…

A: Command-and -Control Policy: This is a type of government policy where specific rules, regulations,…

Q: 10 . Understanding different policy options to correct for negativeexternalities Carbon dioxide…

A: A negative externality is a cost as a consequence of an economic transaction that is being suffered…

Q: 11

A: Market equilibrium can be described as the point where the demand and supply curves interesect each…

Q: Why is climate change expected to exacerbate negative effects on women's environmental health? Oa…

A: There are various factors such as social, economic, and cultural which make women vulnerable to…

Q: Figure: The Socially Optimal Quantity of Emissions from Coal Production) Use Figure The Socially…

A: The marginal benefit is defined as the change in additional benefit related to the unit of…

Q: 5. Property rights and market failures Loggers are much likely to supply wood to the market if…

A: At the marketplace, people make their decision based on available information and marketing…

Q: Describe the circumstances under which it would be better for the government to sell pollution…

A: Pollution licenses or permits will be subject to supply and demand market forces. The best price for…

Q: assume you are an average american driver. using the 2014 emission totals, how many pounds of nox…

A: The objective of the question is to calculate the amount of NOx emissions an average American driver…