What Are the Benefits of Using a Pollution Tax Rather

question 39

Essay

What are the benefits of using a pollution tax rather than a command-and-control system to internalize an externality?

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Definitions:

Parasympathetic Nervous System

Part of the autonomic nervous system responsible for rest and digestion, counterbalancing the sympathetic nervous system's fight or flight response.

Somatic Nervous System

The part of the peripheral nervous system that handles voluntary control of body movements through control of skeletal muscles.

Sympathetic Nervous System

Part of the autonomic nervous system that activates the body's "fight or flight" response to stress or perceived threats.

Thalamus

A vital structure in the brain that acts as a relay station for sensory information, excluding the sense of smell.