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:
Answer:
a line graph shows the amount whether increasing or decreasing. a bar graph compares other amounts with each other. you would use bar graph for animals and line graph for chickens
Answer:
The Philippine plate moves toward the Eurasian plate.
Explanation:
A is not correct because the Australian plate is located south of the Philippine plate, and with its movment being in a north-western manner it is nowhere near in a direction toward this plate.
B is not correct because the Arabian plate is located west of the Philippine plate which is not its direction of movement, and on top of it, they do not share a boundary.
C is not correct because the Antarctic plate is a plate located very far away from the Philippine plate, and the direction of movement is not toward one another.
D is correct because, with its north-western movement, the Philippine plate is moving toward the Eurasian plate, forming a subduction zone, where it gradually subducts below the much larger plate it moves towards.
