Question

6. Which of the following is an example of market failure? a. Excludable and rival goods b. Low prices c. Excess supply d. None of the above. 7. Which of the following is a climate mitigation policy? a. Cap and trade system to reduce emissions b. Change infrastructure Standards c. Changes in zoning laws and new development policies d. All of the above. a. 8. Which paradigm places highest value on the present. Discounted Utilitarianism b. Rawlsian Intergenerational Equity Green Golden Rule C.

Answer 1

6) c. Excess supply.

Overproduction or underproduction of goods will lead to the market failure.

7) a. Cap and trade system to reduce emissions.

Cap and trade system to reduce emissions were one of the best climate policy environmentally as well as economically.

8) b. Rawlsian Intergenerational Equity.