Why would a global carbon tax be desirable?
What will be an ideal response?
Since carbon emissions are a transboundary problem, solutions must be global rather than individual. A harmonized global carbon tax could be adjusted up when estimates of future damage increase in severity and adjusted down if the damage is understood to be less than previously thought, which also reduces some of the problems with the uncertainty related to determining an appropriate global response.
You might also like to view...
In order to achieve a high economic freedom rating, a country must
a. provide secure protection of privately owned property and evenhanded enforcement of contracts. b. refrain from creating barriers that limit domestic and international trade. c. rely more fully on markets rather than governments to allocate goods and resources. d. all of the above.
When the text refers to rational self-interest, it means
A) your looking out for what is best for you as an individual. B) your focus on your own contributions to society. C) behavior that makes society better off. D) behavior that hurts other people.
Which of the following assets is the most liquid in the United States?
A. U.S. currency B. U.S. Treasury bonds C. Alphabet stock shares D. an antique car
In the United States, income taxes are ________
A) regressive B) progressive C) proportional D) marginal