The student correctly uses subject-specific terminology that is relevant to the chosen article and key concept, effectively incorporating terms such as regressive tax, indirect taxes, and marginal external cost (MEC). The discussion on the impact of carbon taxes on producers and consumers indicates a solid understanding of market dynamics. The student demonstrates a strong command of subject-specific terminology throughout the work, enhancing the analysis with terms like allocative efficiency and socially optimal output. Furthermore, the student's engagement with complex ideas, such as carbon leakage, reflects their understanding of the economic concepts involved in addressing market failures.
