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One of which, to keep general, is the price raising of almost all products whose production creates Carbon Dioxide. This means that the price level of most of our economies goods would raise.
13.“Adaptation” is a term used to describe a potential response to climate change. In one sentence, provide an example of a practically costless adaptation that a person or business might make to generally warmer temperatures. For example, a farmer might switch crops if current crop yields are decreasing because of climate change.An example of a practically costless adaptation that would be made for generally warmer temperatures would be electricity companies charging more for electricity. This would be due to demand for electricity from air conditioners.14.Why are the concerns of resource pessimists so often misplaced—what are two factors they typically fail to account for? 15.Hypothesize in four sentences or less why a country like Norway has not suffered from the “resource curse.”Experience shows that economies with low supply of natural resources have had to deal with limited resources and this situation has pushed them to seek alternative development paths. Those routes to growth and development were based in productive activities rather than in extractive activities16.Provide a list of two pros and two cons for making current investments in climate change abatement from an intergenerational equity perspective.