Brought harmony to diverse groups of people is the correct answer.
Answer:
The word underlined in the sentence is best defined as activity.
<em>"Each economic </em><em><u>activity</u></em><em> play the vital role in the nation's economy".</em>
Explanation:
An economic sector is one in which a good is produced and exchanged for another good or for money, generating the flow and distribution of wealth in a given population.
Economic sectors involve each of the activities that generate goods and services to meet the needs of a population and generate wealth, being the main activities -or sectors- of the economy:
- Farming / fishing.
- Agriculture.
- Industry and commerce.
- Communications.
- Diverse services provided by qualified or unqualified personnel.
Each one of the economic activities that are carried out in a country contribute to cover the requirements of the population, at the same time that they constitute the economy of this country.
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:
Less people took planes. More security systems in airports.
Explanation:
We would have more money in our pockets.
