Wednesday, November 12, 2014

Economics

Homework due Thursday,  November 13
Read:  “Cap and Trade: Essentials”
           “How Cap and Trade Works”
           “The Climate Change Agenda Needs to Adapt to Reality”

Write answers to the following:
      1. What is cap and trade attempting to regulate?
      2. What is meant by “cap”?  What is meant by “trade”?
      3. How is this an example of a solution to market failure?
      4.  What are Edward Lazear’s reservations about cap and trade and other methods to reduce

           carbon emissions?

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