Question

Global warming, sometimes now called “climate change,” has become a superhot topic for policy debate. Recognizing scarcity, we know that we can’t have all of the things we’d like to have. Thus, economists evaluate policy alternatives on the basis of benefits versus costs. Policies with larger benefits for equal costs or smaller costs with equal benefits are preferred. Your task: find an article (news story) that discusses or evaluates the costs of a proposed regulation to combat global warming. Provide a link to the article and discuss how this policy (usually called an “intervention”) is more or less affordable than another proposed intervention. Your answer will include a brief summary of what you found (maybe 3 sentences). Then you provide a paragraph (maybe 10 to 15 lines) explaining or providing evidence on why the proposal from the article is more or less affordable than another proposal.

Answer 1