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microeconomics
From the list below, please choose a particular environmental policy that is being used in the United States. Write a 4–5-page paper (including the title page and reference list), that accomplishes all of the following:
- Explains the policy
- Gives an example where it has been used
- Explains why it is has improved the problem it was meant to correct
- Explains how economic principles are used in the design of the policy
Policies
- Carbon tax
- Cap and trade
- Emissions taxes
- Environmental standards (command and control)
- Subsidies for firms that invest in clean technologies