Global warming refers to the effect of global pollutants such as carbon dioxide on climates on the earth. Climate-induced changes in temperatures affect, among other things, agriculture

Which of the following is a reason why policymakers are still debating if this problem should be addressed and how it should be addressed?
A) There is much disagreement about all aspects of the problem: how much carbon emissions contribute to damage from climate change which in turn determines the benefits from reduction, and what methods to use which in turn determines the cost of reduction.
B) Scientists agree about the damage caused by carbon emissions but disagree about the methods of reducing emissions.
C) The marginal cost of reducing carbon emissions is known with certainly but the marginal benefit from reduction is not known with certainty.
D) The marginal cost of reducing carbon emissions is not known with certainly but the marginal benefit from reduction is known with certainty.


A

Economics

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The Great Moderation describes the period

A) of relatively steady growth in real GDP between 1991 and 2008. B) of very slow growth in real GDP after 1990. C) between 2000 and 2008 when potential GDP did not increase. D) between 1990 and 2005 when real GDP grew significantly more slowly than did potential GDP. E) of relatively steady growth in real GDP after the year 2000.

Economics

An economic recession produces

A) a decrease in cyclical unemployment. B) an increase in structural unemployment. C) a decrease in natural unemployment. D) an increase in cyclical unemployment. E) an increase in natural unemployment.

Economics

Suppose a previously competitive labor market turns into a monopsony. The labor supply curve faced by the new monopsonist is:

a. above the labor supply curve under perfect competition. b. the market supply curve of labor. c. below the labor supply curve under perfect competition. d. changed because workers are now more willing to supply labor. e. perfectly horizontal.

Economics

A firm that is suffering a loss should shut down immediately if total revenue (TR) is less than total variable cost (TVC)

a. True b. False

Economics