Homework Answers
Option 2
Abatement cost is the cost of reducing environmental negatives like pollution, hence low level of abatement leads to increased economic damage as the quality of life gets affected
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QUESTION 15 Which of these factors will increase the economic damage from climate change? O High...
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 35 Which of the following is not an economic metric for estimating climate change damages?...
QUESTION 35 Which of the following is not an economic metric for estimating climate change damages? O Social damage as a function of GDP o social cost of carbon O optimal temperature conditional on abatement and damage total stock of carbon emissions
Question Completion Status: QUESTION 10 What is the elasticity of the marginal utility of consumption? OA...
Question Completion Status: QUESTION 10 What is the elasticity of the marginal utility of consumption? OA measure of future uncertainty A measure of how much richer people value extra consumption A measure of the social discount rate A measure of present value consumption QUESTION 11 Why might gamma discounting make sense? People do not discount at constant rates People do discount at constant rates People do not like the future as much as the present People like the future more...
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 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 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? 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 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 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 48 Approximately, what is the projected damage from climate change? 2% of GDP each year...
QUESTION 48 Approximately, what is the projected damage from climate change? 2% of GDP each year 10% of GDP each year GDP for one year total GDP in 2020 O O O
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 35 Which of the following is not an economic metric for estimating climate change damages? O Social damage as a function of GDP o social cost of carbon O optimal temperature conditional on abatement and damage total stock of carbon emissions
Question Completion Status: QUESTION 10 What is the elasticity of the marginal utility of consumption? OA measure of future uncertainty A measure of how much richer people value extra consumption A measure of the social discount rate A measure of present value consumption QUESTION 11 Why might gamma discounting make sense? People do not discount at constant rates People do discount at constant rates People do not like the future as much as the present People like the future more...
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 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 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? 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 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 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 48 Approximately, what is the projected damage from climate change? 2% of GDP each year 10% of GDP each year GDP for one year total GDP in 2020 O O O
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