A Corrective Tax

question 513

Multiple Choice

A corrective tax

• A)causes each factory to reduce pollution by the same amount.
• B)assigns a legal pollution limit for firms.
• C)places a price on the right to pollute.
• D)costs society more than pollution regulations.

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Definitions:

Capital Owners

Individuals or entities that own assets that can be used to produce goods or services and potentially generate income.

Stay-at-home Fathers

Men who choose to remain at home to care for their children and manage household duties instead of working for pay outside the home.

Workplace

Refers to any location, environment, or setting where individuals engage in work-related activities or occupations.

Equilibrium Wage

is the wage rate at which the supply of labor equals the demand for labor in the labor market.