The reason global pollutants require international cooperation is because Country X regulating its emissions of global pollutants: a. creates positive extemalities for other countries. b. creates negative extemalities for other countries. c. incentivizes Country X to music. (1. incentivizes Country X's neighbors to implement similar regulations. The \"Race to the Bottom\" argument refers to: The decreasing price of renewable energies. The decrease in environmental policy stringency to attract investment. The increase in the depth of oil wells when resources become scarcer. The lowering of target temperature increases from 3.5 to 2 degrees Celsius. P'PP'F' Predictions that the world will run out of oil are wrong because: a. As supply decreases, price increases and demand decreases. b. As supply decreases, price decreases and demand increases. c. As demand decreases, price decreases and supply decreases. (1. As demand decreases, price increases and supply increases. Which statement most accurately describes the growth in renewable energies worldwide since MS? a. Exponential in Europe; limited in other places. b. Exponential but still represents a small proportion of total energy consumption. c. Too small to matter. (1. Too expensive to be a reasonable alternative to fossil fuels. The complete ban of the sale of a good for which there is demand will: a. Increase the price of the good b. Increase the demand for the good c. Increase the supply of the good (1. Decrease the illegal trade of the good 6. In the graph below, which point(s) is a stable equilibrium? FEB; A e C St: a. A b. B c. C d. A and C e. A and B 7. What is a reason why the patterns of specialization of EU manufacturing could have occurred? a. Capitalintensive goods are the comparative advantage of industrialized nations like the EU. b. Laborintensive goods are the comparative advantage of industrialized nations like the EU. c. Environmental policies lead EU industries to offshore the production of polluting goods. d. Environmental policies are one of the main determinants of the location of production. 8. In a model of a natural resource such as sh, the carrying capacity is defined as: a. The minimum level under which the population irreversibly heads towards zero. The maximum level at which the environment cannot maintain one more fish. b c. The maximum catch of fish that does not deplete the stock. d The optimal level of fishing to maintain a constant level of stock. 9. The following isfare reas on(s) why energy tax credits are NOT good for the redistribution of income: a. Lowincome households spend a smaller share of their income on electricity. Highincome households consume more electricity. Highincome households face higher prices for electricity. 9.\"? Lowincome households will simply switch their consumption of energy efficient appliances from one period to another. Both {a} and {b} Both (b) and (c) Both {c} and {(1} Both {a} and {d} 5'th 10. The main challenge to evaluating the efcacy of pro grams to offset emissions abroad is: Determining whether offset credits represent an additional emission reduction. Identifying who is receiving the credit Incentivizing the rms buying the credits to reduce emissions. Markets for offsets credits do not Q E19?!\