Economists describe climate change

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1. Economists describe climate change as

a. An externality

b. A global public bad

c. An example where free markets may lead to outcomes that are not the best for society.

d. All of these.

2. According to Bill Gates, the way to achieve zero carbon emissions is to:

a. ban fossil fuels.

b. reduce the "green premium".

c. promote reforestation.

d. negotiate international agreements to reduce greenhouse gas emissions.

3. Which of the following does Bill Gates say is needed to reduce the green premium?

a. Federal subsidies of renewable energy sources

b. Carbon taxes

c. Research and development related to green technologies

d. Government regulations

4. The New International Economic Order focuses on which of the following:

Trade reforms

Monetary reforms

Debt reforms

Technology transfer

Regional cooperation

a. i, iii, and v only

b. All except iv

c. i, ii, and iii only

d. All of the above

5. What is the ultimate goal of economic development according to the Stages Model?

a. Economic Stabilization

b. Environmental Sustainability

c. Freedom

d. High Mass Consumption

6. The tendency for people to experience one value as being in conflict with another is called:

a. Cognitive Dissonance

b. Seesaw Effect

c. Behaviorism

d. Social Traps

7. Which of the following statements are true about the Schwartz cirumplex?

Those values located next to one another have the highest degree of correlation (similar strength)

Those values located opposite one another have the lowest degree of correlation (i.e. likely to be in conflict)

a. i only

b. ii only

c. Both

d. Neither

8. In the video Clinging to coal, we meet an electrician who had worked in coal who now works in solar. His story is a good example of:

a. How skills can easily transfer from jobs in carbon-intensive industries to "greener" jobs in other industries

b. How workers will require extensive retraining

c. How the transition from carbon-intensive industries to "greener" industries requires de-skilling, or relying on fewer skills

d. All are correct

9. Research from psychologists examining the relationship between people's materialistic values and goals for money possessions, and status showed which of the following:

When people focus their lies on chasing money and stuff, they tend to be less happy and satisfied, and more depressed and anxious

Materialistic values are associated with destructive attitudes towards other people and the environment

a. i only

b. ii only

c. Both

d. Neither

10. The West Virginia case highlights a big challenge that regions may face in shifting away from carbon intensive energy:

a. Government policies remain aligned with older, carbon-intensive industries

b. Job growth in industries like coal remains strong

c. All workers dislike work in renewable energy and see it as too big of a cultural change

d. All are correct

Reference no: EM133271449

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