QUESTION 17 17. Which of the following describe problems when Benefit-Cost Analysis is poorly done whether it is intentional or not? O (a) The analysis fails to include a significant benefit or cost O (b) The estimated value of some of the costs or benefits are unreasonable, and/or the method used to valuate them is not clear. O (c) The estimates of the probability of the specific cost or benefit events is unreasonable and/or the method for estimating these probabilities is unclear. O (d) The analysis seems to draw inferences that are not supported by the data and facts presented and these inferences or assertions appear to be based on unstated assumptions O (e) All the above QUESTION 18 18. According to what you learned in this Lecture, which of the following describe problems with Benefit-Cost Analysis offered by extremist advocates for drastic remedies to counter global warming or climate change? O (a) They make outlandish claims about "green jobs" that will result from their recommended policies. O (b) They undervalue the opportunity costs of their carbon emission reduction policies. O (c) They ignore the science of nuclear energy and energy transportation. O (d) They make outlandish assumptions about future energy demand and the potential of wind and solar energy to replace fossil fuel energy. O (e) All the above QUESTION 19 19. Why does the Copenhagen Consensus panel attach such a low priority to reduction of carbon emissions? O (a) Because the panel denies that global warming is a real problem O (b) Cost-benefit analysis shows that the carbon emission reduction achieved with today's technology and current policies yields little benefit at a huge cost. O (c) There is no evidence that carbon emissions cause global warming or climate change. O (d) The Copenhagen Consensus panel is funded by the fossil fuels industry and is biased. O (e) None of the above QUESTION 20 20. Which of the following are policies recommended in the Lecture Notes? O (a) Prioritize nuclear energy as THE major source of electricity generation. O (b) Halt the Biden Administration's "war of fossil fuels" O (c) Support research and development of more efficient solar cell, as well as safer and cheaper nuclear technology. O (d) All the above O (e) Non of the above