Asked by Jibreel Ahmad on May 05, 2024
Verified
It is possible to reduce emissions without intervention, only if:
A) the cost of emissions abatement would decrease.
B) the marginal cost of abatement is greater than the marginal benefit.
C) consumers were properly informed and incentivized.
D) producers would act in their own self-interest and produce the private market level of output.
Emissions Abatement
The process of reducing emissions of pollutants into the environment, typically achieved through policies, technologies, or practices that decrease the emission of harmful gases.
Marginal Cost
Cost of one additional unit of a good.
Marginal Benefit
Benefit from the consumption of one additional unit of a good.
- Elucidate the contribution of public policy and behavioral economics towards solving problems related to energy usage and its effect on the environment.
Verified Answer
NA
Nnenna Alugo
May 08, 2024
Final Answer :
C
Explanation :
Proper information and incentives for consumers can lead to behavior changes that reduce emissions without requiring direct intervention, as individuals may choose more sustainable options that lead to lower emissions.
Learning Objectives
- Elucidate the contribution of public policy and behavioral economics towards solving problems related to energy usage and its effect on the environment.