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:
Dude I don’t even know because if you multiply 100 by 3.14 it’s 364
I am unsure of your answer but I think you can type in those coordinates in google maps
<u>Answer:</u>
The geography of the Americas and Oceania contributed to their unique development by providing them with the most favorable climatic conditions and abundance of valuable natural resources.
<u>Explanation:</u>
- The geography of the Americas and Oceania has been blessed with possibly the most diverse features than any other continents in the world.
- The Americas are surrounded by oceans on all the sides and so is Oceania.
- The availability of valuable natural resources in the Americas and Oceania has allowed the regions to prosper at a great pace.
- Land-forms favorable for various occupations, the existence of perennial water resources and various other factors like these have contributed to the unique development of the continents.
