A Corrective Tax

question 5

Multiple Choice

A corrective tax

• A)allocates pollution to those factories that face the highest cost of reducing it.
• B)is a form of regulation.
• C)works well for all types of externalities.
• D)is inferior to regulatory policy according to most economists.

Recognize the importance of biotechnologically produced enzymes in medicine.

Evaluate nutritional genetics and approaches to address deficiencies.

Identify the concept and application of transgenes in genetic modification.

Understand the influence of specific DNA sequences on phenotypic traits.

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Definitions:

Cost-Benefit Analysts

Professionals who assess the economic pros and cons of different projects or decisions to determine their financial viability.

Public Projects

Initiatives funded and executed by the government aimed at benefiting the general public, such as infrastructure development and educational programs.

Basic Research

Fundamental scientific research aimed at increasing the understanding of fundamental principles, without immediate commercial objectives.

Excludable

A characteristic of a good or service whereby it is possible to prevent non-payers from consuming it.