Answer:
A carbon tax aims to make individuals and firms pay the full social cost of carbon pollution. In theory, the tax will reduce pollution and encourage more environmentally friendly alternatives. However, critics argue a tax on carbon will increase costs for business and reduce levels of investment and economic growth.
pros-cons-carbon-tax
The purpose of a carbon tax
The purpose of a carbon tax is to internalise this externality. What this means is that the final price of the good should include the external costs and not just the private cost. It is similar to the ‘polluter pays principle.‘ – which was incorporated into international law at the 1992 Rio Summit. It simply means those who cause environmental costs should be made to pay the full social cost of their actions.
Diagram to show welfare loss of a negative externality
negative-externality-id
This diagram shows that in a free market (without any tax), we get overconsumption (Q1) of carbon, leading to a welfare loss to society.
Social efficiency with Carbon Tax
tax-on-negative-externality
Explanation:
Headlands are known as high attacking waves, shores
that are rocky, forceful erosion and vertical sea cliffs. They are created when
the sea outbreaks on a coastline comprising of a group of hard and soft rocks. They
are surrounded by water.
<span>Bays on the other hand, are created when there is
less resistance of eroding soft rocks (e.g. sands and clays) forming a group of
stronger rocks (e.g. granite, chalk, limestone) into a headland. They are
surrounded by a land.</span>
The answer is A. Appalachian Mountains
When American colonists headed west they crossed what will known today as the Appalachian Mountains.
Hopes this Helps u ;)
