The government has decided to impose a pollution tax on coal burning power plants in an attempt to reduce harmful emissions. The new tax will cost the 20 largest industrial carbon emitters $6 million annually. In terms of reduced emissions, the annual tax benefits are valued at $20 per person. 100 million people are directly affected by emissions from these plants. The total annual cost of this tax is _____________________, while the total annual benefit to society is _____________________. Question 1 options: $60 million, $2 trillion $60 million, $1 trillion $120 million, $1 trillion $60 million, $2 trillion
The government has decided to impose a pollution tax on coal burning power plants in an attempt to reduce harmful emissions. The new tax will cost the 20 largest industrial carbon emitters $6 million annually. In terms of reduced emissions, the annual tax benefits are valued at $20 per person. 100 million people are directly affected by emissions from these plants. The total annual cost of this tax is _____________________, while the total annual benefit to society is _____________________. Question 1 options: $60 million, $2 trillion $60 million, $1 trillion $120 million, $1 trillion $60 million, $2 trillion
Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
ChapterST11: Difficult Environmental Cases And The Role Of Government
Section: Chapter Questions
Problem 3CQ
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Question
The government has decided to impose a pollution tax on coal burning power plants in an attempt to reduce harmful emissions. The new tax will cost the 20 largest industrial carbon emitters $6 million annually. In terms of reduced emissions, the annual tax benefits are valued at $20 per person. 100 million people are directly affected by emissions from these plants. The total annual cost of this tax is _____________________, while the total annual benefit to society is _____________________.
Question 1 options:
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|
$60 million, $2 trillion |
|
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$60 million, $1 trillion |
|
|
$120 million, $1 trillion |
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|
$60 million, $2 trillion |
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