How Do Direct Controls and Specific Taxes Affect Negative Externalities

question 34

Essay

How do direct controls and specific taxes affect negative externalities? Briefly explain in terms of supply and demand.

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Definitions:

Conflict Theorist

A sociologist who views social life as a competition, and society as marked by inequality that generates conflict and social change.

Upper-Middle-Class

A social group characterized by high educational attainment, professional careers, and relatively high income, typically above the median for the society in which they live.

Lower-Class

A socioeconomic stratum characterized by low incomes, limited access to resources, and fewer opportunities for upward mobility.

Gay Identity

The personal and social identification of oneself as being gay, including the acceptance and expression of one's sexual orientation towards the same sex.