Asked by Ranju Guragain on May 11, 2024
Verified
What is the term for levying taxes on each unit of pollution discharged into the air or water?
A) green taxes
B) regulation
C) tradable pollution rights
D) user fees
Green Taxes
Green taxes, also known as environmental taxes, are levied on goods and services that cause environmental pollution, aiming to encourage eco-friendly practices by increasing the cost of harmful activities.
Pollution
The contamination of the natural environment by harmful substances or waste, leading to adverse effects on living organisms and ecosystems.
Regulation
The establishment of rules or laws designed to control or govern conduct, often enacted by governments to ensure order and safety.
- Acknowledge the role and impact that governmental policies have on economic mechanisms.
- Comprehend the principle of full-cost pricing and its effects on market dynamics and policies related to the environment.
Verified Answer
Learning Objectives
- Acknowledge the role and impact that governmental policies have on economic mechanisms.
- Comprehend the principle of full-cost pricing and its effects on market dynamics and policies related to the environment.
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