Lec. 7-1: "Carbon emissions, Int'l trade" Flashcards Preview

Intro To Microeconomics > Lec. 7-1: "Carbon emissions, Int'l trade" > Flashcards

Flashcards in Lec. 7-1: "Carbon emissions, Int'l trade" Deck (5)
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1
Q

This is where the revenue from Germany’s carbon tax goes

A

Heavily subsidized clean energy research

2
Q

Goods produced abroad and sold domestically

A

Imports

3
Q

Goods produced domestically and sold abroad

A

Export

4
Q

A tax on traded goods. Can be on both imported and exported goods.

A

Tariff

5
Q

An economy without international trade

A

Autarky Economy