Homework Answers
Option 1. Social damage as a function of GDP
Explanation: This metric is not related to climate change.
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QUESTION 35 Which of the following is not an economic metric for estimating climate change damages?...
QUESTION 34 What is abatement? Getting used to climate change Reducing damages by mitigation Not emitting...
QUESTION 34 What is abatement? Getting used to climate change Reducing damages by mitigation Not emitting carbon Cleaning up damages from emissions QUESTION 35 Which of the following is not an economic metric for estimating climate change damages? Social damage as a function of GDP social cost of carbon O optimal temperature conditional on abatement and damage total stock of carbon emissions QUESTION 36 Is the social discount rate a constant value? Yes, it is always positive No, it can...
Question Completion Status: QUESTION 31 Why is abatement so important? Because it can offset damages Because...
Question Completion Status: QUESTION 31 Why is abatement so important? Because it can offset damages Because requires us to give up resources in the present Because it reduces the need to adapt All of the above QUESTION 32 Why do individual people discount the future? they think the future will be worse they think the future is worth more than the present they are impatient the present is uncertain QUESTION 33 What do inwestors discount the future? they think investments...
QUESTION 23 What economic metrics do economists use to measure climate change? Social Cost of Carbon...
QUESTION 23 What economic metrics do economists use to measure climate change? Social Cost of Carbon O Present Value damages from climate change as a percent of GDP O Net losses in GDP from damages minus abatement All of the above
QUESTION 4 What does the Social Cost of Carbon include? Only damages from climate change each...
QUESTION 4 What does the Social Cost of Carbon include? Only damages from climate change each year Only damages from climate change every year Future damages net of abatement Future damages plus abatement cost QUESTION 5 What does the Marginal Abatement Cost function show? How much it costs to abate an extra unit of carbon How much it costs to increase temperatures How much it costs to abate ll carbon emissions How much it costs to reduce climate change damages...
QUESTION 4 What does the Social Cost of Carbon include? o Only damages from climate change...
QUESTION 4 What does the Social Cost of Carbon include? o Only damages from climate change each year Only damages from climate change every year O Future damages net of abatement O Future damages plus abatement cost
QUESTION 1 What will happen if we decrease our abatement of carbon over time? OEconomic damages...
QUESTION 1 What will happen if we decrease our abatement of carbon over time? OEconomic damages will decrease Economic damages will increase The optimal temperature goal will decrease Economic damages will be unchanged QUESTION 2 What does the Social Cost of Carbon tell us? Dollar value of damage per ton of carbon Dollar value of abatement per ton of carbon Amount paid by taxpayers to offset carbon emissions Amount paid by the government to encourage non-carbon energy sources QUESTION 3...
QUESTION 23 2 points Save Answer What economic metrics do economists use to measure climate change?...
QUESTION 23 2 points Save Answer What economic metrics do economists use to measure climate change? O Social Cost of Carbon O Present Value damages from climate change as a percent of GDP O Net losses in GDP from damages minus abatement O All of the above QUESTION 24 2 points 2 points Save Answer Save Answer The social discount rate is not the same as the market interest rate. Why? O capital markets adjust to all risks O market...
QUESTION 34 What is abatement? Getting used to climate change Reducing damages by mitigation Not emitting...
QUESTION 34 What is abatement? Getting used to climate change Reducing damages by mitigation Not emitting carbon Cleaning up damages from emissions
QUESTION 12 What does a damage function measure? The amount of carbon stock in the atmosphere...
QUESTION 12 What does a damage function measure? The amount of carbon stock in the atmosphere The dose-response function from climate change to economic value The optimal level of abatement The link between climate change and emissions
Question Completion Status: QUESTION 13 Which of these is an abatement technique? Building a hurricane-proof house...
Question Completion Status: QUESTION 13 Which of these is an abatement technique? Building a hurricane-proof house Building a flood barrier Driving less Not going outside when it is too hot QUESTION 14 What do Integrated Assessment Models try to predict? Temperature Optimal temperature at minimum economic damage O Greenhouse gas emissions Economic damages minus abatement costs QUESTION 15 Which of these factors will increase the economic damage from climate change? High levels of abatement Low levels of abatement More countries...
QUESTION 34 What is abatement? Getting used to climate change Reducing damages by mitigation Not emitting carbon Cleaning up damages from emissions QUESTION 35 Which of the following is not an economic metric for estimating climate change damages? Social damage as a function of GDP social cost of carbon O optimal temperature conditional on abatement and damage total stock of carbon emissions QUESTION 36 Is the social discount rate a constant value? Yes, it is always positive No, it can...
Question Completion Status: QUESTION 31 Why is abatement so important? Because it can offset damages Because requires us to give up resources in the present Because it reduces the need to adapt All of the above QUESTION 32 Why do individual people discount the future? they think the future will be worse they think the future is worth more than the present they are impatient the present is uncertain QUESTION 33 What do inwestors discount the future? they think investments...
QUESTION 23 What economic metrics do economists use to measure climate change? Social Cost of Carbon O Present Value damages from climate change as a percent of GDP O Net losses in GDP from damages minus abatement All of the above
QUESTION 4 What does the Social Cost of Carbon include? Only damages from climate change each year Only damages from climate change every year Future damages net of abatement Future damages plus abatement cost QUESTION 5 What does the Marginal Abatement Cost function show? How much it costs to abate an extra unit of carbon How much it costs to increase temperatures How much it costs to abate ll carbon emissions How much it costs to reduce climate change damages...
QUESTION 4 What does the Social Cost of Carbon include? o Only damages from climate change each year Only damages from climate change every year O Future damages net of abatement O Future damages plus abatement cost
QUESTION 1 What will happen if we decrease our abatement of carbon over time? OEconomic damages will decrease Economic damages will increase The optimal temperature goal will decrease Economic damages will be unchanged QUESTION 2 What does the Social Cost of Carbon tell us? Dollar value of damage per ton of carbon Dollar value of abatement per ton of carbon Amount paid by taxpayers to offset carbon emissions Amount paid by the government to encourage non-carbon energy sources QUESTION 3...
QUESTION 23 2 points Save Answer What economic metrics do economists use to measure climate change? O Social Cost of Carbon O Present Value damages from climate change as a percent of GDP O Net losses in GDP from damages minus abatement O All of the above QUESTION 24 2 points 2 points Save Answer Save Answer The social discount rate is not the same as the market interest rate. Why? O capital markets adjust to all risks O market...
QUESTION 34 What is abatement? Getting used to climate change Reducing damages by mitigation Not emitting carbon Cleaning up damages from emissions
QUESTION 12 What does a damage function measure? The amount of carbon stock in the atmosphere The dose-response function from climate change to economic value The optimal level of abatement The link between climate change and emissions
Question Completion Status: QUESTION 13 Which of these is an abatement technique? Building a hurricane-proof house Building a flood barrier Driving less Not going outside when it is too hot QUESTION 14 What do Integrated Assessment Models try to predict? Temperature Optimal temperature at minimum economic damage O Greenhouse gas emissions Economic damages minus abatement costs QUESTION 15 Which of these factors will increase the economic damage from climate change? High levels of abatement Low levels of abatement More countries...
Most questions answered within 3 hours.
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A. 0≤P(Oi)≤10≤P(Oi)≤1 for each i
B. P(Oi)≤0P(Oi)≤0
C. P(Oi)=1+P(OCi)P(Oi)=1+P(OiC)
D. P(Oi)≥1P(Oi)≥1
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