Taxes on Emissions Have Led to

question 62

Multiple Choice

Taxes on emissions have led to

• A)extraction of pollutants by firms from their liquid discharges.
• B)recycling of pollutants in lieu of discharge as waste.
• C)voluntary reduction in emissions to avoid the taxes.
• D)all of the above.

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Definitions:

New Classical Economists

Economists who advocate for the theory that markets are clear and that economic players always make rational decisions based on available information.

Keynesians

Economists and theories following John Maynard Keynes, focusing on the significance of demand for goods and services as the primary driving force in an economy.

Economic Behaviorists

Researchers or theorists who study the decision-making processes of individuals and institutions, often investigating how psychological, social, cognitive, and emotional factors affect economic decisions.

Supply-Siders

Advocates of the economic theory that reducing taxes and regulations on businesses stimulates production and economic growth.