The Objective of Imposing a Higher Pollution Tax Is to

question 27

Multiple Choice

The objective of imposing a higher pollution tax is to

• A) ensure firms have pollution charge credits for all reduced emissions.
• B) provide incentive for firms to maintain regulation emission levels.
• C) provide adequate incentive for firms to reduce their emissions by more.
• D) ensure firms must pay the pollution charge for all reduced emissions.

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Definitions:

Full Employment

An economic situation where all available labor resources are being used in the most efficient way possible, typically characterized by low unemployment.

Entrepreneurial Ability

The innovation and risk-taking skills that a person possesses to create and manage a business successfully.

Economic Success

The achievement of desired financial outcomes in growth, employment, and stable prices within an economy.

Entrepreneurs

Individuals who create, organize, and manage a business venture, taking on financial risks in the hope of profit.