When a Tax on Output Is Imposed to Internalize the External

question 196

True/False

When a tax on output is imposed to internalize the external costs of pollution, the supply curve shifts down by the amount of the tax.

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Definitions:

Launched

To set in motion or initiate something, such as a product, project, or spacecraft, into action or into the market.

Balance

The ability to maintain a body's center of gravity within its base of support, vital for everyday activities and sports.

Conscientiousness

A personality trait characterized by diligence, carefulness, and a high level of organization, thoughtfulness, and responsible behavior.

Generativity

A stage of psychological development where individuals focus on guiding the next generation and contributing to society.