The government wants to enact tax legislation aimed at reducing increasing discharge levels of toxins into municipal waste water systems. The annual cost of the tax to the 100 worst industrial polluters will be $5 million each. The annual benefits of the tax, in terms of reduced toxin levels in water systems, are valued at $25 per person. There are 300 million people directly affected by the 100 worst industrial polluters. The total cost of this tax is _____________________ while the total benefit to society is _____________________. Question 3 options: $125 million, $1.5 trillion $125 million, $7.5 trillion $500 million, $7.5 trillion $500 million, 1.25 trillion
The government wants to enact tax legislation aimed at reducing increasing discharge levels of toxins into municipal waste water systems. The annual cost of the tax to the 100 worst industrial polluters will be $5 million each. The annual benefits of the tax, in terms of reduced toxin levels in water systems, are valued at $25 per person. There are 300 million people directly affected by the 100 worst industrial polluters. The total cost of this tax is _____________________ while the total benefit to society is _____________________. Question 3 options: $125 million, $1.5 trillion $125 million, $7.5 trillion $500 million, $7.5 trillion $500 million, 1.25 trillion
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
The government wants to enact tax legislation aimed at reducing increasing discharge levels of toxins into municipal waste water systems. The annual cost of the tax to the 100 worst industrial polluters will be $5 million each. The annual benefits of the tax, in terms of reduced toxin levels in water systems, are valued at $25 per person. There are 300 million people directly affected by the 100 worst industrial polluters. The total cost of this tax is _____________________ while the total benefit to society is _____________________.
Question 3 options:
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$125 million, $1.5 trillion |
|
|
$125 million, $7.5 trillion |
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$500 million, $7.5 trillion |
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$500 million, 1.25 trillion |
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