When a Tax on Output Is Imposed to Internalise the External

question 65

True/False

When a tax on output is imposed to internalise the external costs of pollution, the supply curve shifts down by the amount of the tax.

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Definitions:

False Imprisonment

The unlawful restraint of a person's freedom of movement without legal justification.

Strict Liability

Legal responsibility for damages or injury even if the person found strictly liable was not at fault or negligent.

Rattlesnake

A venomous snake known for the distinctive rattle at the end of its tail, used as a warning signal.

Dangerous Things

Objects or conditions that present a significant risk of harm to people, property, or the environment.