Relating to the Economics in Practice on page 338: A number of companies are using their own internal carbon taxes to reflect the social cost of carbon emissions on the environment. The price per ton of carbon emissions that they are using
A) has been set by the government.
B) has been agreed to by the private sector.
C) is not standardized.
D) is the price established by the EPA.

Question

Quizplus · Accepted Answer

The correct answer is that the price per ton of carbon emissions used by companies for their internal carbon taxes is not standardized. This means that different companies may use different prices, reflecting their own assessments of the social cost of carbon emissions rather than a single price set by the government or any other entity.

Relating to the Economics in Practice on Page 338: a Number