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Explain how a pollution tax is different from a Pigouvian tax.Discuss how incentives for firms differ under the two types of taxes, and what would be required of the government if it were to structure a Pigouvian tax system to mimic the effects of a pollution tax.
Unlearned
Referring to behaviors or responses that are not acquired through learning or conditioning but are naturally occurring or innate.
Hierarchy of Motives
A concept that suggests human needs are arranged in a hierarchical order, which affects their expression and pursuit.
Optimum Arousal
A psychological concept suggesting there is a level of arousal that is ideal for performance and learning, too little or too much arousal can negatively impact performance.
Environmental Stimuli
External inputs from the environment that can affect an organism's behavior, physiology, and reactions, ranging from temperature changes to social interactions.
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