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Felix started his new job about a month ago. When asked, he says he likes most of his coworkers. One of them, though, is mean-spirited, obnoxious, petty, and belligerent. Felix is describing his coworker's social traits.
Cap-And-Trade
An environmental policy mechanism that sets a cap on emissions and allows businesses to buy and sell permits for the right to emit.
Carbon Tax
A tax imposed on the carbon content of fuels to mitigate environmental impacts of carbon dioxide emissions.
Carbon Dioxide Emissions
Carbon dioxide emissions are the release of CO2 into the atmosphere, primarily from burning fossil fuels, which contribute to global warming and climate change.
Allocative Efficiency
A state of resource allocation where it is impossible to make any one individual better off without making someone else worse off, ensuring that resources are used for producing the goods and services most desired by society.
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