In the Paris Agreement on Climate Change, participating nations agreed to
A. trade carbon-dioxide permits.
B. reduce their overall emissions of greenhouse gases to yield a reduction in the global temperature by 2050.
C. buy greenhouse gas emission permits from developing nations.
D. eliminate all emissions of greenhouse gases by 2050.
Answer: B
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A pervasive tradeoff in financial markets relates risk to expected returns. Which of the following statements reflects this relationship?
a. The higher the risk of an asset, the lower the expected return on the asset. b. There is usually no relationship between risk and return. c. The higher the risk of an asset, the higher the expected return on the asset. d. The return on an asset is normally positively related to the risk of comparable assets. e. The return on a risky asset cannot be compared with the return on a risk free asset.
What is a private benefit from consumption? What is a social benefit from consumption? When is the private benefit from consumption equal to the social benefit from consumption?
What will be an ideal response?