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

The marginal cost and marginal benefit of policies to address global warming are crucial to balance the economic costs of implementing the policies against the potential benefits of mitigating climate change. This involves evaluating the costs of policy measures such as carbon taxes or cap-and-trade systems against the benefits of reducing greenhouse gas emissions and avoiding the costs of climate damage. The market for recyclable inputs and the supply and demand for recycled products may be relevant to specific policy measures, but they are not overarching considerations for policies to address global warming. Lawsuits that may arise from the enactment of policies are also specific concerns that may or may not be relevant depending on the particular policy and jurisdiction.

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