Knowee
Questions
Features
Study Tools

Climate abatement policies are considered a _________.marginal private benefitmarginal social benefitnegative externalitypositive externality

Question

Climate abatement policies are considered a _________.

  • marginal private benefit
  • marginal social benefit
  • negative externality
  • positive externality
🧐 Not the exact question you are looking for?Go ask a question

Solution

Marginal social benefit.

Step 1: Understanding Climate Abatement Policies Climate abatement policies are measures taken to reduce the severity or pace of climate change. These can include policies to reduce greenhouse gas emissions, promote renewable energy, improve energy efficiency, and protect and restore forests and other natural carbon sinks.

Step 2: Understanding Marginal Social Benefit The marginal social benefit of a good or service is the total benefit to society, including both the private benefit to the individual or firm and the external benefit to others. In the case of climate abatement policies, the marginal social benefit includes the direct benefits of reduced climate change (such as less severe weather events and lower sea level rise) and the indirect benefits (such as improved air quality and health outcomes).

Step 3: Classifying Climate Abatement Policies Therefore, climate abatement policies can be considered a marginal social benefit. They provide benefits to society as a whole, not just to the individuals or firms that implement them.

So, the answer to the question "Climate abatement policies are considered a _________." is Marginal social benefit.

This problem has been solved

Similar Questions

What is an example of an external environment force?PoliticalEconomicSocialAll of these

Discuss ethical issues relating to selection of the social discount rate used in a CBA for climate change mitigation.

Which of the following is an example of an externality?

The estimated cost of climate damage is _______ if the social discount rate is _______.lower ; lowerhigher ; higherhigher ; lowerhigher ; constant

Which of the following are not considered as External stakeholder?a.Tax officialb.Social activistc.Supplierd.Journalist

1/1

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.