MCQ questions, The elasticity of demand for carbon-based fuel sources is , economics homework help

10. Which one of the following is an example of an adaptive measure to global climate change?

1) An increase in energy efficiency

2) A global cap-and-trade permit system for carbon emissions

3) A carbon tax

4) A increase in fuel economy standards

5) Shifting agricultural cultivation patterns

11. Which one of the following is an example of a preventative measure to global climate change?

• 1)Building dikes and seawalls
• 2)Enhancing carbon sinks
• 3)Creating institutions to respond to climate disasters
• 4)Moving human settlements away from vulnerable areas
• 5)Shifting agricultural cultivation patterns

12. The elasticity of demand for carbon-based fuel sources is …

1) Low in the short term but higher in the long term

2) High in the short term but lower in the long term

3) High in both the long and short term

4) Low in both the long and short term

5) Zero in the short term and positive in the long term

13. Which one of the following statements about a system of tradable carbon permits is false?

1) An advantage of carbon permits is that greenhouse gases could be reduced at the lowest cost

2) Nations can emit more carbon if they purchase additional permits

3) The equilibrium price of a carbon permit depends on the willingness to pay for carbon emissions

4) A carbon permit system would require each country to meet their emissions targets

5) Nations which exceed their targets can sell permits to other countries

14. The Clean Development Mechanism of the Kyoto Protocol indicates that …

• 1)Developed countries can obtain credit for financing emissions reductions in developing countries
• 2)Developed countries can obtain credit for financing emissions reductions in other
• 3)Developed countries can obtain credit for financing adaptation policies
• 4)Developed countries can trade carbon permits to developing countries
• 5)Developed countries can purchase extra credits if they exceed their targets

developed nations

15. A carbon tax, without any other tax changes, would be …

• 1)Distributionally neutral
• 2)Revenue neutral
• 3)Progressive
• 4)Regressive
• 5)Inefficient

16. What theory states that trading partners both benefit from trade through specialization in the goods each can produce most efficiently?

1) Environmental Kuznets Curve

2) Demographic transition

3) Industrial symbiosis

4) Comparative advantage

5) Dematerialization

17. How would we expect free international trade to affect agriculture in a developing country?

1) Total agricultural production should decrease

2) The land devoted to export crops should increase

3) The land devoted to domestically-consumed crops should increase

4) The number of small family farms should increase

5) Environmental externalities of agriculture should decrease

19. Article XX of the GATT states that …

1) Countries must meet minimum environmental and health standards

2) Countries can restrict trade in order to conserve resources or protect life and health

3) Countries can charge a tariff on goods that do not meet national environmental or health standards

4) Countries must work towards adopting a uniform set of environmental and health standards

5) The precautionary principle should be the guiding factor in international environmental agreements

 

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