Write True or False to the Statements Below

question 169

True/False

Write True or False to the statements below.If the statement is false, rewrite the underlined word or phrase to make the statement true.
-Ratification of the Kyoto Protocol by the United States in November 2004 enabled the Kyoto Protocol to become international law in February 2005.

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Definitions:

Gas Tax

A government-imposed tax on the sale of gasoline, primarily used to fund transportation infrastructure projects.

Optimal Level

The most efficient, effective, or desirable point or degree for a specific purpose or condition.

Corrective Taxes

Taxes designed to encourage or discourage certain behaviors among consumers or producers, often used to correct the effects of a negative externality.

Coase Theorem

The proposition that if private parties can bargain without cost over the allocation of resources, they can solve the problem of externalities on their own