"The United States should not sign the Kyoto Protocol, an international treaty that requires industrial nations to limit carbon dioxide emissions to 1990 levels." An economist should be expected to
A) disagree with this statement. The science on global warming is clearly known, and the Kyoto Protocol is the best, lowest cost, method to minimize the effects of global warming.
B) disagree with this statement. Even though much critical information is still missing, the Kyoto Protocol will certainly reduce carbon emissions enough to greatly reduce atmospheric warming.
C) agree with this statement. The benefits of a warming climate will unquestionably be greater than the costs.
D) probably agree with this statement. The costs of the Kyoto Protocol are great, and the expected impact from it on world temperatures over the next century is extremely small.

Question

Quizplus · Accepted Answer

As an economist, one would consider the costs and benefits of the Kyoto Protocol. The costs are significant, as reducing emissions to 1990 levels would require major changes to industries and economies. On the other hand, the expected impact on global temperatures from the Protocol is relatively small. Therefore, an economist would likely agree with the statement that the US should not sign the Kyoto Protocol.

"The United States Should Not Sign the Kyoto Protocol, an International