Economic thinking indicates that efficient adaptation strategies to reduce harms from future global warming will
a. focus on reducing overall carbon emissions.
b. emphasize changes like those imposed on prosperous nations by the Kyoto Treaty.
c. focus on reducing the effects of serious problems that we know to exist.
d. ensure that every precaution will be taken to reduce any possible risks for the future.
C
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A downward shift in the Fed's policy reaction function corresponds to a ________ the aggregate demand curve and a decrease in exogenous spending corresponds to a ________ the aggregate demand curve.
A. movement up; shift right of B. shift left of; movement up C. shift left of; shift right of D. shift right of; shift left of
According to the graph shown, if the market goes from equilibrium to having its price set at $10 then:
A. $12 gets transferred from consumer to producer in surplus. B. all producer surplus lost is gained by consumers. C. all consumer surplus lost is gained by producers. D. $12 gets transferred from producer to consumer in surplus.