Answer to Question #189243 in Macroeconomics for James

Question

QUESTION 24

If high-income countries want low-income countries to reduce their greenhouse emission gasses:

1. All they have to do is ask.
2. A simple explanation of the costs and benefits involved will carry the day.
3. It will require armed conflict.
4. Then the high-income countries may need to pay some of the costs.
5. All of the above.  

QUESTION 25

Countries with higher income levels:

1. Will always be the worst polluters.
2. Produce the least pollution.
3. May be willing to place a relatively greater emphasis on environmental protection.
4. May be willing to place a lower emphasis on environmental protection.
5. Cannot be helped. 

QUESTION 26

We may fairly easily quantify the economic benefits of additional oil in the U.S.:

1. And they are definitely higher than the social costs.
2. And they are definitely lower than the social costs.
3. But we cannot quantify the explicit costs.
4. But the social costs are more challenging to measure.
5. Finally, we are done with this quiz.

Answer 1

Solution:

Question 24: If high-income countries want low-income countries to reduce their greenhouse emission gasses: - The correct answer is 4. Then the high-income countries may need to pay some of the costs.

Question 25: Countries with higher income levels: The correct answer is 3. May be willing to place a relatively greater emphasis on environmental protection.

Question 26: We may fairly easily quantify the economic benefits of additional oil in the U.S.: The correct answer is 4. But the social costs are more challenging to measure.