From an economist's perspective, an important consideration for policies to address global warming is
A) the market for recyclable inputs.
B) the supply and demand for recycled products.
C) the marginal cost and marginal beneﬁt of the policies.
D) a lawsuit that can arise from the enactment of the policies.

Question

Quizplus · Accepted Answer

Marginal cost and marginal benefit analysis is a fundamental tool of economics to evaluate the efficient use of resources. In case of policies to address global warming, the cost of implementing policies (such as carbon taxes, emissions trading, renewable energy subsidies, etc.) and the benefits of reduced greenhouse gas emissions must be analyzed, taking into account the trade-offs between economic growth and environmental protection. This allows policymakers to determine the optimal level of intervention in the economy to mitigate climate change.

From an Economist's Perspective, an Important Consideration for Policies to Address