Exhibit 10-2 Carbon Emissions as an Externality

question 53

Multiple Choice

Exhibit 10-2 Carbon emissions as an externality

-Assume that the private supply is 'Supply 1' and the supply including tax is 'Supply 2' (Exhibit 10-2) .What is the reduction in the output after the carbon tax was imposed?

• A)0 units.
• B)30 units.
• C)20 units.
• D)10 units.

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Definitions:

Ultrasound

A technique that uses high-frequency sound waves to create images of the inside of the body.

Heart Motion

The movement of the heart as it contracts and relaxes to pump blood throughout the body.

PVC

Polyvinyl chloride, a synthetic plastic polymer used in a wide variety of applications, from piping and clothing to furniture and signage.

ECG

Electrocardiogram, a medical test that records the electrical activity of the heart over a period of time using electrodes placed on the skin.