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QUESTION 18 1 points Save Answer Economic theory from this unit suggests that national governments can achieve a target level of carbon emissions by setting

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QUESTION 18 1 points Save Answer Economic theory from this unit suggests that national governments can achieve a target level of carbon emissions by setting a carbon tax (per unit of (302) at the appropnate level. In line with this theory, between 2012 and 2014, Australia introduced a carbon tax starting at 23 AU thonne of 002, with the intention of increasing it over time until reaching the desired level of carbon emissions. Following the introduction of the policy, the most affected industries in Australia lobbied on the grounds that the added pressure on their prot would force them to shut down with consequences for unemployment. In response, the Federal government decided to compensate the most affect industnes with lumpsum subsidies that were funded with revenue from the tax on carbon emission levels. Considering this background, do you consider this statement to be true or false: "At the end of the day, nothing changes with the introduction of the carbon tax. Because the industry receives back the money that they pay, they will continue to omit the same level of (302." 0 True 0 False

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