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Use the laws of exponents to simplify. Do not use negative exponents in your answer.
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Technology Spillover
It refers to the situation where innovations and improvements made by one company or country benefit others beyond the original inventor or innovator.
Emissions Taxes
Levies imposed by governments on the emission of pollutants, aimed at reducing environmental damage by making it costly to pollute.
Tradable Emissions Permits
Tradable Emissions Permits are allowances to emit limited quantities of pollutants that can be bought and sold, aiming to reduce overall emissions in a cost-effective manner.
Environmental Standards
Regulations and criteria set by governments or international bodies to control the level of pollutants and manage the impact on the environment.
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