A tax placed on environmentally harmful activities or emissions in an attempt to internalize some of the externalities that may be involved in the life cycle of those activities or products. True or false?

Question

Business

Jovan Ross

14 May, 16:34

A tax placed on environmentally harmful activities or emissions in an attempt to internalize some of the externalities that may be involved in the life cycle of those activities or products. True or false?

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Answers (1)

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Jaiden Escobar · Answer 1

Green Tax

Explanation:

Based on the information provided within the question it can be said that the term that is being described in the question is called a Green Tax. Like mentioned in the question this refers to a tax that is placed on environmentally harmful activities or emissions and is done so with the intention of promoting environmentally friendly activities by punishing opposite actions.