Examlex
What was the concern of King Afonso when he wrote to the King of Portugal?
Corrective Tax
A tax designed to encourage or discourage certain behaviors by including the cost of externalities, thereby correcting an inefficient market outcome.
Tax Revenue
The income that is gained by governments through taxation, serving as a primary source of financing government expenditures.
Tradable Pollution Permits
An economic strategy aimed at reducing pollution through financial motivations designed to cut down on pollutant emissions.
Corrective Taxes
Taxes imposed to correct the effects of a market failure, often used to discourage harmful behaviors and internalize externalities.
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