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A college student is trying to choose a major and is deciding between ecology and environmental science. She enjoys delving into ecological questions, especially ones related to climate change that require detailed and concentrated research in the field and the computer lab. She is also extremely concerned about the impact of humans on world climate, loss of habitat and species, and other ecological problems, but she is often uncomfortable in social or political situations. Given this information, what would you advise this student to major in? Justify your answer.
Excess Burden
The cost to society created by market inefficiency, which can occur through such things as government intervention in the market or taxes that distort market outcomes.
Tax Revenue
The money collected by a government from its citizens and businesses through various forms of taxation.
Property Tax
A levy on property that the owner is required to pay, often based on the value of the property.
Excess Burden
The cost to society created by market inefficiency, often associated with government policies like taxes or subsidies.
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