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How would this situation be described in terms of positive

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Reference no: EM132435890

Explain: For the sake of argument (and this assignment) assume that global warming is a fact, caused by human activity and that it can be fixed by taxing producers for the amount of carbon they release. The problem is that this tax would greatly increase costs for everyone. Using this scenario please answer the following questions:

How would this situation be described in terms of Positive economics?

Reference no: EM132435890

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