How can technology help mitigate the effects of climate change?
What will be an ideal response?
Although the discussion on reducing atmospheric carbon concentration needs to focus on whether taxes, direct regulation, or cap-and-trade schemes should be used, technological change in the energy sector is likely to be the most central pillar of the economics of climate change. Shifting to clean energy requires the development of technology and the implementation of alreadydiscovered but not yet commercialized technologies. With technological progress, reductions in carbon emissions that would not have been cost effective with our given state of technology could become feasible. Furthermore, we may not need to rely as much on a carbon tax or cap-and-trade provided that the development of new environmentallyfriendly technologies can be encouraged.
A-head: ECONOMICS OF CLIMATE CHANGE
Concept: Technology and Climate Change
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Use the following graph to answer the next question.
If the federal funds market is at equilibrium at point C and the Federal Reserve decides to conduct an open-market sale, then it must be trying to set a ________.
A. lower target federal funds rate by increasing the amount of reserves in the market B. higher target federal funds rate by increasing the amount of reserves in the market C. higher target federal funds rate by reducing the amount of reserves in the market D. lower target federal funds rate by reducing the amount of reserves in the market
Under a fixed exchange rate regime, if the domestic currency is initially ________, that is, ________ par, the central bank must intervene to purchase the domestic currency by selling foreign assets
A) overvalued; below B) overvalued; above C) undervalued; below D) undervalued; above
The severity of the 2007-2009 recession was due to the severity of the accompanying financial crisis. Explain what is meant by financial crisis
What will be an ideal response?
The primary tool used to change the US money supply and interest rates is open market operations
a. true b. false