The student correctly uses subject-specific terminology that is relevant to the chosen article and key concept, effectively incorporating terms such as intervention, negative externalities, allocative efficiency, and welfare loss. Throughout the work, the student demonstrates a consistent use of relevant economic terms, including marginal social benefit (MSB), marginal private cost (MPC), and socially optimal (SO), particularly in the analysis of the Colombian health tax. The discussion also highlights the implications of the health tax on market failures and health outcomes, showcasing a strong understanding of the topic.
