Question

NYT article: 12/27/18 Forget the Carbon Tax for Now It's politically toxic. There are other ways to cut greenhouse gas emissions. Which of the following is not true about a carbon tax? Question 21 options: Since the poor have less inelastic demand for energy than the rich, the tax would force the poor to cut consumption by more than the rich. A carbon tax does not allow consumers to balance individual marginal benefits with individual marginal costs. Higher carbon prices would drive the energy market away from fossil fuels like oil and coal, and toward low-carbon renewable sources of energy. A carbon tax can be a cost-effective way of reducing emissions because it ensures that the marginal cost of reducing emissions will be the same for all polluters. Since the poor spend a higher share of their income on energy than the rich, a carbon tax will be highly regressive.

          NYT article: 12/27/18
Forget the Carbon Tax for Now
It's politically toxic. There are other ways to cut greenhouse gas emissions.
 Which of the following is not true about a carbon tax?
Question 21 options:
Since the poor have less inelastic demand for energy than the rich, the tax would force the poor to cut consumption by more than the rich.
A carbon tax does not allow consumers to balance individual marginal benefits with individual marginal costs. 
Higher carbon prices would drive the energy market away from fossil fuels like oil and coal, and toward low-carbon renewable sources of energy.
A carbon tax can be a cost-effective way of reducing emissions because it ensures that the marginal cost of reducing emissions will be the same for all polluters. 
Since the poor spend a higher share of their income on energy than the rich, a carbon tax will be highly regressive.

Added by Karen E.

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