Enec 201 midterm revised - Study guides, Class notes & Summaries
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ENEC 201 Midterm (revised) 2024/2025 ACTUAL EXAM COMPLETE QUESTIONS WITH DETAILED VERIFIED ANSWERS/ ALREADY GRADED A+ 100% CORRECT ANSWERS
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ENEC 201 Midterm (revised) 2024/2025 ACTUAL EXAM COMPLETE QUESTIONS WITH DETAILED VERIFIED ANSWERS/ ALREADY GRADED A+ 100% CORRECT ANSWERS
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ENEC 201 Midterm (Revised) Questions and Answers | Latest Version | 2024/2025 | 100% Pass
- Exam (elaborations) • 23 pages • 2024
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ENEC 201 Midterm (Revised) Questions 
and Answers | Latest Version | 2024/2025 
 
| 100% Pass 
 
What is the concept of "externality" in economics? 
An externality is an impact on a third party that is not directly involved in an economic 
transaction, like pollution affecting the public. 
 
How can a carbon tax help reduce emissions? 
A carbon tax increases the cost of emitting greenhouse gases, incentivizing businesses and 
individuals to reduce their emissions. 
 
What does "sustaina...
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