Josh Cahill
Energy and Business Finance 200—Spring 2018
FINAL EXAM
OPENS: Monday, April 30, 2018 at 12:00 AM
CLOSES / DEADLINE: Friday, May 4, 2018 at 8:00 PM
INSTRUCTIONS
1.
Please note the closing time (deadline) for the exam.
2.
This is an untimed exam. Each question is worth 5 points.
3.
Show all your work if asked and state any assumptions you make in your answers.
4.
The available points add up to 120, and there is one extra credit question worth 5 points.
5.
Please type your answers into this Word document. Then, convert to a PDF file and upload into
Canvas. If you have computer trouble converting to a PDF you can upload the Word document.
6.
DO NOT communicate in any mode with anyone about the exam until after the exam closes.
7.
If believe there is an error in a question, or find it poorly worded for any reason, answer the
question as best as you can.
QUESTIONS
1.Provide an example of a potential “loser” from climate change and explain in one sentence why they are a loser.
2.Provide an example of a potential “winner” from climate change and explain in one sentence why they are a winner.
3.“Cap and Trade” is an approach for managing emissions that sets __________ (highlight one: quantities / prices) of emissions and lets the market determine _________ (highlight one: quantities / prices).
Josh Cahill
4.If a Pigouvian tax is larger than the marginal social cost (damage) of the pollutant it is designed to regulate, then __________ (highlight one: too much /
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