The USA is the world’s largest emitter of CO2, and China is the second largest. What issues arise from this in the formulation of a global policy to reduce CO2 emissions?
Answer to relevant QuestionsMake out a case for adopting a policy of individual tradable carbon permits, allocated to all citizens within a country. Could such a policy be extended globally?Should governments or regulators always attempt to eliminate the supernormal profits of monopolists/oligopolists?Examine the case for public ownership of an industry where a natural monopoly exists.At what phase of the business cycle is the average duration of unemployment likely to be the highest? Explain.What policy measures could the government adopt to prevent the exchange rate movements in question 11?
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