Another term for pollution taxes is ___________. These are payments from one group, the polluters, to another group, the administering agency or beneficiary of the tax.

Question

Quizplus · Accepted Answer

Transfer payments are payments made by one group to another without any goods or services being exchanged. Pollution taxes are a type of transfer payment, as polluters pay money to the administering agency or the beneficiaries of the tax without any direct exchange of goods or services. Opportunity costs are the value of the next best alternative foregone when making a decision, external costs are the costs incurred by third parties as a result of economic transactions, and enforcement costs are the costs associated with enforcing laws and regulations.

Another Term for Pollution Taxes Is ___________