An Emissions Tax (Imposed on Each Unit of Pollution Produced)that

question 61

Multiple Choice

An emissions tax (imposed on each unit of pollution produced) that is set too high to achieve allocative efficiency will cause

• A)too few resources to be devoted to pollution abatement and too little of the product to be produced.
• B)too few resources to be devoted to pollution abatement and too much of the product to be produced.
• C)no change in the polluting firm's behaviour.
• D)too many resources to be devoted to pollution abatement and too little of the product to be produced.
• E)new firms to enter the industry.

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Definitions:

Self-Fulfilling Prophecy

A belief or expectation that influences actions in a way that causes the belief or expectation to come true.

Status Groups

Communities or categories of people who share a similar social status, often marked by their prestige, lifestyle, and affiliations within a society.

Initiation Rite

A ceremonial event or series of actions performed to mark the transition or entrance of an individual into a new status or role in society.

Identity

The qualities, beliefs, personality, appearance, and expressions that make a person (self-identity) or group (collective identity) unique.