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The plan calls for combining taxes on all sources of CO2 with a rebate of the collected revenues to all households on a per capita basis. Experts tell us that a tax of $40 per metric ton would achieve greater reduction in CO2 than all of the existing emissions regulations. Our plan therefore calls for legislation that eliminates all of this intrusive regulation in _(1)_[tandem] with the tax-and-dividend plan.
Our group recognizes that there is substantial controversy about the extent of global warming both now and in the future, as well as about the role of CO2 emissions from automobiles, home heating, and other human activity in _(2)_[scattering] to that warming. But we believe the risk that CO2 emissions will lead to dangerous future increases in global temperature is high enough that a policy should be _(3)_[congenital] to reduce it.
A carbon tax is the simplest and economically most efficient way to limit CO2 emissions. It is better than the more _(4)_[exquisite] methods of regulation now in place. It is also simpler and more reliable than the “cap and trade” method that has been tried in Europe and proposed during President Barack Obama’s administration.The strategy of a carbon tax is very simple: require each household and business that causes CO2 emissions to pay a tax in _(5)_[unevenness] to the volume of emissions that they create – whether by using gasoline to drive their car or oil to heat their home or in operating a business.
A carbon tax would be levied indirectly by taxing the raw material at the point at which it enters the economy. Thus, oil would be taxed at the _(6)_[refinery] , coal when it leaves the mine, and so on. The tax would then be built into the prices of the products made from the raw material. Individuals and businesses would internalize the carbon tax without the inconvenience of paying a tax on each transaction.
Because the carbon tax would be _(7)_[commended] in the prices of all goods and services that use carbon in their production, households and businesses would have an _(8)_[hindrance] to change their behavior in ways that reduce the volume of CO2 emissions. That might mean driving less, using more fuel-efficient technology, or investing in conservation. Solar power and wind power would become more competitive relative to carbon-based power without the need for government subsidies.
Different types of carbon-based raw materials produce different amounts of CO2. For example, using coal to generate electricity produces more CO2 than using natural gas. The carbon tax at the point of entry to the economy would therefore vary by the type of raw material. Engineering experts can advise the US Congress how much to tax each type of carbon-based raw material to achieve a tax equal to $40 per ton of CO2 (or whatever level of overall tax is desired).
The practical problem of _(9)_[enacting] a carbon tax has been political. No one wants to pay more taxes. That’s why our plan calls for combining the carbon tax with a “cash dividend” to households. Each household would receive the same “carbon dividend” for each adult and half that amount for each child. The _(10)_[appended] would not depend on the amount of carbon tax that households pay.
- 1) discrete
2) secluded
3) distinct
4) diacritic
5) No correction required.Answer – 5)
Explanation : The given word is correct. Hence no correction is required. - 1) characteristic
2) contributing
3) expressing
4) separating
5) No correction required.Answer – 2)
Explanation : contributing - 1) adopted
2) personalized
3) inveterate
4) inbred
5) No correction required.Answer – 1)
Explanation : adopted - 1) balletic
2) genuine
3) cumbersome
4) endemic
5) No correction required.Answer – 3)
Explanation : cumbersome - 1) definite
2) proportion
3) curvaceous
4) lissome
5) No correction required.Answer – 2)
Explanation : proportion - 1) peculiar
2) delicate
3) nimble
4) intrinsic
5) No correction required.Answer – 5)
Explanation : The given word is correct. Hence no correction is required. - 1) reflected
2) instinctive
3) indigenous
4) acclaimed
5) No correction required.Answer – 1)
Explanation : reflected - 1) ingrained
2) sanction
3) incentive
4) exquisite
5) No correction required.Answer – 3)
Explanation : incentive - 1) countenance
2) inwrought
3) eulogize
4) endorse
5) No correction required.Answer – 5)
Explanation : The given word is correct. Hence no correction is required. - 1) gathered
2) aesthetic
3) extol
4) dividend
5) No correction required.Answer – 4)
Explanation : dividend
