Under what circumstances might they be preferred on equity


Problem

What role might grants play in correcting negative externalities, such as air pollution? Under what circumstances might they be preferred on equity or efficiency grounds to taxes on emissions or regulatory approaches?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: Under what circumstances might they be preferred on equity
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