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

Question 1

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

Answer 1

Heavily subsidized clean energy research

Question 2

Goods produced abroad and sold domestically

Answer 2

Imports

Question 3

Goods produced domestically and sold abroad

Answer 3

Export

Question 4

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

Answer 4

Tariff

Question 5

An economy without international trade

Answer 5

Autarky Economy