Which of the Following Costs Is Included in the Five

question 59

Multiple Choice

Which of the following costs is included in the five tiers of environmental costs?

• A) Conventional
• B) External
• C) Internal
• D) Conversion

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Definitions:

Tax Revenues

The fiscal resources that are obtained by governments from taxes.

Vertical Equity

A principle in taxation where taxpayers with a greater ability to pay, typically measured by income or wealth, contribute more in taxes.

Negative Externalities

Costs suffered by a third party as a result of an economic transaction that they are not directly involved in.

Taxes

Obligatory charges imposed by the government on the earnings of employees, profits of companies, or included in the prices of various goods, services, and transactions.